Tessenderlo misses recurring core profit target, expects flat 2018
14/03/2018 07:49
March 14 (Reuters) - Belgian chemical firm Tessenderlo
TESB.BR on Wednesday reported a 6 percent fall in annual
recurring core profit to 183.3 million euros, missing its flat
growth target.
For 2018, the company expects its recurring earnings before
interest taxes, depreciation and amortisation (REBITDA) to be in
line with 2017.
The company had to cut its outlook for recurring core profit
in 2016 and 2017, hurt by currency volatility and higher raw
material prices.
(Reporting by Manon Jacob; editing by Jason Neely)
((manon.jacob@thomsonreuters.com; +48 58 772 0920;))