Translation of "Anlaufverluste" in English

This still reflects start-up losses for the building of new businesses.

This was due in the main to start-up losses at the bioethanol plant in Zeitz.

The reasons for this are start-up losses and special depreciation of a total of EUR 26 million.

Start-up losses incurred in Slovakia had a negative impact on total earnings.

The related operating ramp-up losses will not occur until start of financial year 2016/17.

The start-up losses incurred in the years from 1999 to 2003 have been fully offset since the second quarter of 2005.

It is true that a reduction of the tax liability could theoretically occur due to differences in the tax base according to the different Member States' rules and sometimes also due to quicker compensation of start-up losses.

Under certain circumstances, the period of eight years may be extended indefinitely as regards the losses of an undertaking incurred during the first six years following the setting up of the un dertaking (start-up losses).

The total cost must be more than HFL 30 million, of which at least HFL 8 million must be devoted to premises or fixed installations.

The background here is that the start-up losses incurred by the successful inauguration of the plant in Lublin could not be capitalized as deferred taxes and thus – unlike most of the 2013 tax expense – could not be offset against accumulated losses.

The main reason for the decline was the year-on-year increase in ramp-up losses from the newly opened restaurants in the 2018 financial year.

In view of the initial losses of our young subsidiaries, we can state that overall we closed the first nine months of the year in a generally satisfactory manner with solid EBIT of EUR 3.43 million.

Encouraging earnings progress as a result of intensive cost management was neutralised by weak demand and unexpectedly heavy start-up losses at new branches.

A potential new competitor first has to make significant investments in marketing, IT and logistics and incur several years of start-up losses before it can achieve the margins that are standard in the sector.

This was mainly due to production start-up costs of the newly established US subsidiary SQM (Superior Quality Manufacturing LLC), a loss by the subsidiary CarMedialab and a value adjustment on receivables in Dubai.

In the Steel Division, strong demand for high-quality strip steel and the resulting substantial volume growth, coupled with rising prices over the course of the year, more than offset the negative earnings effects (reduced performance of blast furnace 5 as a result of fine-tuning adjustments to the coal injection system, financial provisions for the Nord Stream II heavy plate project due to rising raw materials prices, start-up losses at the HBI plant in Texas).

In the Special Products segment we are working hard to contain the start-up losses at the bioethanol plant and to bring the functional food business back into line with its growth in the preceding years so that - in contrast to the first half - the earnings growth from the expansion of the fruit business will materialize in the second half of 2005/06.

But the EBITDA margin rose to 8.9 (8.7) percent despite the start-up losses of the Hubert company in Germany. This was accounted for by structural improvements from the Conney sale and process optimisation measures, especially in the Plant Equipment Group.

What do you do if the product is not well received, startup losses are higher than expected, or it takes longer than stated in the business plan?

In the current business year, the start-up losses recorded by the direct reduction plant in Texas, USA, as well as the reduced performance of blast furnace 5 in the Steel Division impacted the operating result in the first quarter of 2016/17 as a result of fine-tuning the coal injection system.

The start-up losses of Compensa Non-Life following transfer of the Baltic non-life insurance business from a Polish Group company also had an effect on the combined ratio, which was 135.4% in 2016.

In view of the initial losses of our young subsidiaries, we can state that overall we closed the first nine months of the year in a generally satisfactory manner with solid EBIT of EUR 3.43 million.

Operating profit before exceptional items in the amount of € 61.4 million was 15.4% lower than in the prior year, primarily due to the lower contribution to results of the bioethanol activities as well as the forecast start-up losses associated with the wheat starch factory at the Pischelsdorf site.

Also forecast for financial year 2015 is a consolidated income of EUR 15 million – notwithstanding start-up losses being experienced in the smart energy segment.

Moreover, although the anticipated, initial losses at the Comec-Binder S.r.l., Bublon GmbH and Binder+Co Machinery (Tianjin) Ltd. subsidiaries placed a burden on EBIT, it remained firm at EUR 3.43 million (Q1–3/2012: EUR 4.98 million).