The earnings expectations for the full business year 2018/19 are revised to an EBITDA close to EUR 1.8 billion and an EBIT of just below EUR 1 billion due to: » negative effects on international trade flows because of increasing protectionist measures by more and more countries » distortions in the automotive sector triggered by a new exhaust emission test procedure (WLTP) as of September 1, 2018 » increased costs from the ramp-up of automotive activities in North America in the 2nd half 2018/19 » a lower earnings contribution from the HBI plant in Texas for the full business year 2018/19 » increasing logistical challenges triggered by low water levels on European waterways. Click Here For Complete Article Text
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