Management’s excuses for rather poor profits in 2017 are: negative currency movements, unexpectedly high demand from US clients, rising input costs, and additional costs associated with the implementation of a group-wide ERP system. Management’s proposal of an unchanged dividend of €0.50 is understandable based on last year’s earnings, but it might also be an indication that earnings will not be significantly up in 2018.
27 Mar 2018
All 2017 numbers short of our expectations
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All 2017 numbers short of our expectations
ElringKlinger AG (ZIL2:WBO) | 0 0 (-0.7%) | Mkt Cap: 1,074m
- Published:
27 Mar 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
Management’s excuses for rather poor profits in 2017 are: negative currency movements, unexpectedly high demand from US clients, rising input costs, and additional costs associated with the implementation of a group-wide ERP system. Management’s proposal of an unchanged dividend of €0.50 is understandable based on last year’s earnings, but it might also be an indication that earnings will not be significantly up in 2018.