“It could be that customers hold back and delay one or two projects,” CEO Karl-Heinz Streibich told the daily Kurier. He said non-urgent projects were the most likely to be delayed, according to the paper.

Software, which Kurier said makes around 35% of its revenue in the United States, is not seeing a serious hit to its business there. “At the moment we are not seeing any big failures there,” Streibich said. (Reuters)