SCHMOLZ + BICKENBACH off to a strong start in 2018

SCHMOLZ + BICKENBACH, a global leader in special long steel, reported today an 11.5% increase in sales volume to 545 kilotons compared to 489 kilotons in the first quarter of last year. Thanks to slightly higher selling prices and sharply increased volumes, revenue rose by 17.1% to EUR 828.9 million (Q1 2017: EUR 707.6 million). Adjusted EBITDA increased at a lower rate than revenue by 5.6% to EUR 70.3 million from EUR 66.6 million. EBITDA rose to EUR 103.1 million after EUR 66.3 million in the prior-year quarter.

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