AT A GLANCE: S+B blames Covid-19 for weaker Q1 performance

A summary of the financial results for Switzerland-based special and stainless steel producer Schmolz + Bickenbach (S+B) for the first quarter of 2020.

In brief The company attributed the weaker quarterly results to the effects of the Covid-19 pandemic. A fragile market recovery, which started in early 2020, was interrupted by the pandemic. Geographically, all regions and countries suffered a double-digit percentage decline in revenue year-on-year. The sharp decline in demand from the automotive industry had a particularly strong effect on the company’s quality & engineering steel group. Q1 2020 results Earnings before interest, taxes, depreciation and...

Published

Julia Bolotova

May 06, 2020

15:00 GMT

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