22 Jun 2016
N+1 Singer - Elementis - Chromium pressures offset Specialties progress
Elementis’ H1 pre-close update highlights further pressures within Chromium export markets. The relative strength of the US dollar has created a challenging competitive environment in Eastern Europe in particular and, as a result, Chromium sales and margins outside of North America are expected to be materially lower than the previous year. Despite good progress in Specialties and a steady performance from Chromium in North America, earnings per share for the year as a whole will fall below prev ....
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N+1 Singer - Elementis - Chromium pressures offset Specialties progress
Elementis plc (ELM:LON) | 147 0 0.0% | Mkt Cap: 862.9m
- Published:
22 Jun 2016 -
Author:
James Tetley -
Pages:
5
Elementis’ H1 pre-close update highlights further pressures within Chromium export markets. The relative strength of the US dollar has created a challenging competitive environment in Eastern Europe in particular and, as a result, Chromium sales and margins outside of North America are expected to be materially lower than the previous year. Despite good progress in Specialties and a steady performance from Chromium in North America, earnings per share for the year as a whole will fall below prev ....