September 11, 2019 / 5:04 AM / 8 days ago

BRIEF-Schmolz + Bickenbach Lowers 2019 Earnings Forecast

Sept 11 (Reuters) - SCHMOLZ & BICKENBACH AG:

* COMPANY IS NOW FORECASTING ADJUSTED EBITDA OF BETWEEN EUR 70 MILLION AND EUR 100 MILLION

* SUBSEQUENT TO DETERIORATED RESULTS AND OUTLOOK, SCHMOLZ + BICKENBACH IS REVIEWING VALUE-IN-USE OF ITS OPERATING ASSETS

* LOWERED ITS EARNINGS FORECAST FOR 2019 FINANCIAL YEAR

* DEMAND FOR STEEL WEAKENED FURTHER DURING Q3 DUE TO POLITICAL UNCERTAINTIES AND ESCALATING TRADE CONFLICTS

* Q3 ORDER BACKLOG CONTINUED TO DECLINE Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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