May 3, 2017 / 5:07 AM / 3 months ago

BRIEF-Schmolz & Bickenbach Q1 adjusted EBITDA rises to 66.6 mln euros

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May 3 (Reuters) - Schmolz & Bickenbach AG:

* Continued recovery of average sales prices to EUR 1 447 per ton from EUR 1 309 per ton in Q1 2016

* Q1 adjusted EBITDA at 66.6 million euros ($72.82 million)compared to 25.0 million euros in Q1 2016; adjusted EBITDA margin improved to 9.4% from 4.1% in Q1 2016

* Outlook 2017: normalization of markets expected to continue until mid-year; low visibility on second half-year

* Q1 revenues of 707.6 million euros, an increase of 17.2% compared to 603.6 million euros in Q1 of 2016 Source text for Eikon: Further company coverage: ($1 = 0.9146 euros) (Gdynia Newsroom)

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