Schmolz & Bickenbach’s 2011 earnings up on increased special steel demand

Mar 07, 2012 | 10:23 AM |

Special steel manufacturer Schmolz & Bickenbach posted higher earnings for 2011 as it benefited from increased demand for its special steel, the company said on Wednesday March 7. Earnings before interest, taxes, depreciation and amortisation (Ebitda) were €296.2 million ($390 million) in 2011, up from €232.9 million in 2010. “Relative to the....

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