16
Jul
15:05
Schmolz+Bickenbach lowers 2019 profit guidance
Schmolz+Bickenbach has carried out a downward adjustment for this year’s profit on the basis of its performance in the second quarter, Kallanish learns from the maker of special bar qualities.
On the basis of preliminary figures for the second quarter, it is now forecasting an adjusted Ebitda of €130-170 million ($146-191m). After the first quarter, its guidance stood had at €190-230m.
Contrary to the group’s expectations, the global eco…
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Anonymous
Very good overview of the weekly steel market.
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