Question-and-Answer Session
Operator
Thank you. (Operator Instructions). And we will go first to Peter Lawson with Thomas Weisel Partners.
Peter Lawson - Thomas Weisel Partners
Hi Lukas.
Lukas Braunschweiler
Hi Peter.
Craig McCollam
Hi Peter.
Peter Lawson - Thomas Weisel Partners
Congratulations on a strong quarter. I just want to think about guidance and what do you assume in for the end markets in the rest of 2009.
Lukas Braunschweiler
Okay we commented so far for half of 2009 which still rest of our fiscal year, I assume you mean that one. Again I think we explained quite carefully how we finally came to our guidance. We assume on one end that the currency environment starts to stabilize compared to what we had seen three months ago when it really started to be very dynamic. I think it has stabilized. So from that end we think that the guidance given should from that end be a little bit more stable on the currency end. And then the organic side as Craig explained is low single-digit growth which we are assuming.
Now coming to the end markets, we clearly bank here on the continuous solid performance in our environment to and water related businesses in combination with Asia and partly Europe on the high and partly North America on the high-end. Then we are recently banking that one on life sciences, also, mainly in Asia and some one in the specialized segments in general in Europe and North America. We are less banking here on a great six months in general pharma.
We are not giving any large help in credit to chem/petrochem, I think that’s a typical segment which is very secular, very TDP oriented and we have enjoyed great years now but that with the economy turning down that’s typical a segment which has been already and is going to be effecting more. So, we are not hoping that these or thinking that this end-market they are really contribute a lot.
So, again, the water related business, high environmental, partly food and beverage, part of the life science markets there we are hopeful. Mainly in the cross section with Asia and part of Europe and then definitely no hope on large pharma and life science and no hope on chem/petrochem.
Peter Lawson - Thomas Weisel Partners
And the continued strength in the environment market thinking that come mostly from government spend do you think?
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