The management board said that new information indicates that only about two thirds of the 聽earnings before interest and taxes (EBIT) target of 鈧�300 million could be reached. It said that the target had been indicated as being 鈥渕ore than ambitious鈥�.
Reasons include delays by public authorities in Central and Eastern Europe in dealing with claims, especially in Poland, the cautious valuation of some construction projects and the 鈥渞uinous price war鈥� in the raw materials business.
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