Fri 01/05/2024 10:57 AM
German engineered wood products group Pfleiderer’s earnings slide accelerated during the third quarter ended Sept. 30, 2023, as falling volumes started to impact pricing, which had been holding up until then. Underlying earnings - including lease payments and excluding gains from energy hedges that are set to roll off this year - dived 41% year over year and are expected to maintain their downward trend into 2024, causing leverage to peak when the group will need to...
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