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Scrap recycling group Scholz saw its revenues cut in half to €2.4bn in 2009

Consolidated net loss of €32m / Cost-cutting initiatives

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(D) – The German scrap metals firm Scholz faced a 49 per cent plunge in turnover from €4.7bn in 2008 to €2.4bn in 2009. At the same time, its gross profits slid from €748m to €593.7m. Earnings from ordinary activities tumbled from a profit of €70.2m to a loss of €27.8m. A consolidated net profit of ...

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