ELG posts higher revenue and lower earnings in difficult market environment

Sale of 25 per cent stake in ELG Carbon Fibre Recycling completed

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(D) – ELG Haniel fell well short of its earnings forecast in 2018. The stainless steel recycler, which operates at 53 locations worldwide, saw sales revenues rise by 7 per cent €1.81bn due to higher average commodity prices. However, the operating profit shrank from €49m in the previous year to €33m. ELG had ...

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