Swedish special steel producer Ovako has attributed a 32.3% year-on-year rise in first-quarter pre-tax profits to "persistently strong" markets.
Ovako's earnings before interest, taxes, depreciation and amortization (Ebitda) rose to ?,?41 million ($49.6 million) for the first quarter of 2018, compared with ?,?31 million in the first quarter of last year, the company said last week in a first-quarter results statement.Ebitda margin rose to 15.3% in the first quarter of 2018, from 13.7% in the first quarter of 2017 and sales volumes rose by 6% to 216,000 tonnes in the same comparison, from...