AT A GLANCE: Schmolz + Bickenbach blames 2019 loss on 'strong decline' in demand

A summary of the fourth-quarter and full-year 2019 financial results for Switzerland-based special and stainless steel producer Schmolz + Bickenbach (S+B).

In brief The company reported that the challenge in all its markets was having a significant effect on its financial figures. It also cited an “unusually strong and prolonged decline in demand” for all its main products, which led to a significant fall in sales and revenue. 2019 full year results Earnings before interest, taxes, depreciation and amortization (Ebitda) Loss of €12.5 million ($14.1 million), down year-on-year from earnings of €251.4 million in 2018. Sales volume 1.8 million tonnes, down...

Published

Carrie Bone

March 12, 2020

15:58 GMT

London