ZURICH, Oct 30 (Reuters) - Swiss plastics maker Sarna on Wednesday warned 2002 profit would be flat, scrapping an earlier forecast for a rise by at least 30 percent, due to unexpectedly high start-up costs. The firm cited start-up costs for new products and platforms at its German Paulmann & Crone car parts supplier as well as extraordinary restructuring costs as reasons for the profit warning which replaced forecasts made in August. "The start-up costs will also encumber the next ...
Premium Content (PAID Subscription Required)
"Sarna scraps 2002 profit growth goal, warns on 2003" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.