LONDON — Pfleiderer warned that the financial market crisis may impact its business during the second half, as it sees only limited opportunities to pass on cost increases for raw materials.
Revenue at the German wood and laminate floor maker won’t hit $2.99 billion USD this year and it won’t hit a 15% margin target. Pfleiderer didn't make a second-quarter profit after earning $15.5 million in last year’s second quarter, and revenue fell to $668.6 million from $682.7 million after a plant closure in Canada.
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