Buderus 2002 pre-tax falls 13 pct

Newswire

FRANKFURT, Jan 28 (Reuters) - German heating and appliance maker Buderus said on Tuesday its pre-tax profit had fallen close to 13 percent in 2002 and said it saw no signs of a pick-up in business so far this year. The company posted pre-tax profit of 162 million euros ($175 million), down from 186 million a year earlier, while sales came in at 1.86 billion euros, four percent lower. "In view of the substantial economic risks, a reliable sales and earnings forecast for 2003 can be made ...

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