What ElringKlinger released during recent years is odd. Rising demand typically leads to higher revenue and profit numbers for most other companies, but not so in case of this company. It has had production bottlenecks in Europe in the past and it is now complaining about too strong demand in Nafta which leads to ‘consistently high follow-on costs’. In addition, management underestimated the raw material price hikes for polyamide, steel, and aluminum. As a result, it has given a n
26 Jun 2018
Strong demand leads again to profit pressure
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Strong demand leads again to profit pressure
ElringKlinger AG (ZIL2:WBO) | 0 0 (-0.7%) | Mkt Cap: 1,074m
- Published:
26 Jun 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
What ElringKlinger released during recent years is odd. Rising demand typically leads to higher revenue and profit numbers for most other companies, but not so in case of this company. It has had production bottlenecks in Europe in the past and it is now complaining about too strong demand in Nafta which leads to ‘consistently high follow-on costs’. In addition, management underestimated the raw material price hikes for polyamide, steel, and aluminum. As a result, it has given a n