SGL Group reports USD39.6 million net income for Q1

News
Financial results

First quarter sales and earnings growth driven by high positive one-time effects relating to the full acquisition of former JVs with BMW Group and Benteler and the initial adoption of IFRS 15

SGL Group has reported a net income of EUR32.2 million (USD39.6 million) for the first quarter ended 31 March 2018, compared with a net loss of EUR0.3 million in the same period last year, according to a company press release.

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