Lower than expected revenues (-3% yoy), a waning underlying EBIT margin, and net income backed by Tessenderlo’s contribution. Anticipated headwinds for 2019 due to a slowdown in the global weaving machine market (25% expected drop in H1 19 revenues).
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Disappointing FY18 and headwinds anticipated for FY19e
- Published:
14 Mar 2019 -
Author:
Imen Yahia -
Pages:
3
Lower than expected revenues (-3% yoy), a waning underlying EBIT margin, and net income backed by Tessenderlo’s contribution. Anticipated headwinds for 2019 due to a slowdown in the global weaving machine market (25% expected drop in H1 19 revenues).