Tessenderlo Reports Fall in Net and Operating Profits

Tessenderlo Group recorded decreased net and operating profits by 80% and 55.5% in the first quarter of 2012, to €5.9 million ($7.65 million) and €18 million compared with €30.1 million and €40.5 million in the first quarter of 2011, respectively. Recurring Ebitda (Rebitda) and recurring Ebit (Rebit) from continuing operations decreased 21.4% and 36.3% year over year, to €56 million and €35.4 million in first-quarter 2012, the company says. Sales also decreased but only by 1.8% in the...

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