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 briefThe 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 resultsEarnings 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 volume1.8 million tonnes, down...