29
May
14:51
Borusan Mannesmann’s first-quarter sales increase despite subdued automotive
Borusan Mannesmann’s prime quality products sales increased 3% on-year in the first quarter to 170,000 tonnes, of which 72% was exported.
First-quarter Ebitda was TRY 88.9 million ($13m), down from TRY 109.4m last year. Profit margin fell from 5.82% a year earlier to 1.44%, while Ebitda margin fell to 7.7% from 9.5%.
High value-added drill and well pipe’s share in total prime products revenue was 41% in Q1, the firm says without providing tonnages.
H…
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Anonymous
Very good overview of the weekly steel market.
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