Report
Marc Pierron
EUR 203.58 For Business Accounts Only

SCHMOLZ+BICKENBACH - Good 4Q17, supportive outlook but Asco to integrate in FY18

Similar to for example steel distributor Kloeckner&Co or stainless steel producer Outokumpu, Schmolz+Bickenbach (S+B), the Swiss special long steel producer, reported good figures for FY17, with a supportive outlook for FY18. Following the acquisition on 1 February 2018 of most of assets of French bankrupt Asco Industries, S+B main task for FY18 is integration.

Underlying
Swiss Steel Holding AG

Schmolz & Bickenbach is a holding company. Co. through its subsidiaries, is engaged in the manufacture, process and distribution of steel long products. Co. divides its activities into three segments: Production manufactures tool steels, engineering steels, corrosion-, acid- and heat-resistant steels, bright steels and special steels; Processing is engaged in the production of classical bright steel, provision of complex heat-treatment processes and a range of non-destructive testing methods, the manufacture of non-corroding wires and processed fixed lengths for the automobile industry, and Distribution and Services supplies customers with products through distribution and service companies.

Provider
Spread Research
Spread Research

​Spread Research is France's first Rating Agency, registered by ESMA (European Securities and Markets Authority) and a leading European Independent Credit Research firm, founded in 2004 and based in Lyon, France. Our experienced team offer key research services using a wide range of investment strategies and research methodologies for the High Yield, Emerging Markets, Convertibles and Loan Markets.

 

Analysts
Marc Pierron

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