SCHMOLZ + BICKENBACH with good progress in a challenging 2016 - more optimistic for 2017
(WorldNews Switzerland)

Media release SCHMOLZ + BICKENBACH with good progress in a challenging 2016 - more optimistic for 2017 Efficiency improvement and cost reduction measures taking effect Adjusted EBITDA margin improved to 6.6%, compared to 6.3% in FY 2015 Strong free cash flow of EUR 92 million, net debt reduced to EUR 420 million after EUR 471 million at year end 2015 Sales volume in FY 2016 at 1 724 kilotonnes, 2.2% lower compared to FY 2015 with 1 763 kilotonnes, largely due to production stops in the third quarter Revenues of EUR 2 314.7 million, 13.6% lower compared to EUR 2 679.9 million in the previous year Adjusted EBITDA decreased by 9.7% to EUR 153.2 million from EUR 169.6 million in FY 2015;...