13
Mar
00:00
Swiss franc exchange rate fluctuation hurts S+B
Schmolz+Bickenbach attributes a loss of €7 million ($7.3m) in Ebitda at the beginning of 2015 due to the Swiss National Bank’s decision in January to abolish the Swiss franc’s CHF 1.20 pegging to the euro. For each rappen/centime (CHF 0.01) that the currency rises, the company broadly loses around €1.5 million currently, ceo Clemens Iller says at the company’s 2014 results presentation monitored by Kallanish. He expects the currency to f…
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Anonymous
Very good overview of the weekly steel market.
Anonymous