Schmolz + Bickenbach achieves 2018 targets despite slowdown in quarter four

Commenting on the group’s results, Schmolz + Bickenbach CEO Clemens Iller stated: “In 2018 we achieved most of our targets despite strong headwinds in the final quarter. Adjusted EBITDA was within the target range, which was increased in the middle of the year, and the integration of Ascometal, acquired in February, is progressing rapidly. However, the slowdown in global economic momentum towards the end

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