Schmolz+Bickenbach’s sales revenues increase in January-February

Tuesday, 04 April 2017 13:34:13 (GMT+3)   |   Istanbul
       

Swiss-based special steel producer and distributor Schmolz+Bickenbach has stated that, in a business environment that has significantly improved in recent months and supported by the progress on cost improvements and by a positive development in its key end-use markets, the company improved its results in the January-February period of this year compared to the same period of the previous year.
 
Accordingly, in the first two months of the current year Schmolz+Bickenbach’s sales revenues totaled €446.4 million, increasing by 12.3 percent year on year, mainly driven by higher sales volumes at significantly higher revenues per metric ton and a more favorable product mix. In the given period, the company’s adjusted EBITDA reached €40.9 million compared to €11.1 million recorded in the same period of 2016. In addition, in the January-February period, Schmolz+Bickenbach recorded a higher year-on-year order intake volume, with a positive trend development.

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