11
Sep
16:52
S+B further lowers guidance for 2019
Schmolz+Bickenbach (S+B) has again lowered its earnings forecast for the 2019 financial year on the basis of the preliminary figures for the first eight months of 2019. The company is now forecasting adjusted Ebitda of €70-100 million ($77-110m).
In July the maker of special bar qualities forecasted an adjusted Ebitda of €130-170m (see Kallanish passim). After the first quarter, the company’s guidance stood at €190-230m. S+B notes that deman…
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Anonymous
Very good overview of the weekly steel market.
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