Translation of "Vorsteuerverlust" in English

By contrast, a loss before taxes had to be absorbed in the year earlier period.

A pre-tax loss is nonetheless expected in 2010 but at a much lower level.

This performance offset the plate companies’ pre-tax loss of € 23.6 million.

The Salzgitter Group closed the financial year 2012 with a pre-tax loss of €–29.4million.

All in all, lower sales and a slight pre-tax loss are anticipated compared with the previous year.

A marginal pre-tax loss was reported.

Both companies reported marked pre-tax losses.

A drastically reduced pre-tax loss is anticipated for the financial year 2010.

Given ongoing pressure from prices and competition, the pre-tax loss disclosed was higher than a year ago.

The division recorded a pre-tax loss of € 3.2 million (first quarter of 2008: € 4.9 million).

The massive pre-tax loss contained € 23.1 million in precautionary measures for a social compensation plan still to be negotiated.

In Ellis's last year in charge Villa lost £8.2m before tax, compared with a £3m profit the previous year, and income had fallen from £51.6m to £49m.

The pre-tax loss stood at € 130.0 million, representing a notable improvement compared with the year-earlier result (2013: € –403.4 million).

The Energy Business Unit reported a pre-tax loss of € 20.5 million in the period under review (first nine months of 2013: € –23.7 million).

The pre-tax loss of € -213.4 million (first nine months of 2008: € +520.3 million) includes valuation adjustments to inventories carried out in the first and second quarter which have an easing effect in the period up until the end of the financial year.

Alongside a drop in shipment volumes, lower sales and another increase in the pre-tax loss reflect the fierce price-led competition in the market.

The pre-tax loss of € -67.6 million (first nine months of 2009: € -213.4 million) was nonetheless a considerable improvement over previous year’s period.

The Tubes Divisions predicts a downturn in sales compared with the previous year and a pre-tax loss in the high double-digit million euro range for the financial year 2013.

The accumulated result in the first three quarters therefore amounted to € 19.3 million, € 44.6 million higher than in the prior-year period, which closed with a pre-tax loss of € -25.3 million.

In comparison with 2013, the Plate/Section Steel Business Unit expects a downturn in sales and a significantly lower pre-tax loss, also due to the full implementation of the 1 Million Ton Concept in Peine.

The pre-tax loss of the business unit that came in at € 42.6 million was notably lower compared with the year-earlier figure that was impacted by impairment at PTG amounting to € 185.0 million (first half of 2013: € –265.5 million).

Stable sales at best and a pre-tax loss in the mid to upper double-digitmillion euro range are anticipated overall for the financial year 2013.

Although the impact of adverse seasonal effects will be felt in the second half of the year, the improvement in the pre-tax loss in the financial year 2010 is expected to be most considerable.

Overall we assume sales that will be notably below the previous year’s figure and expect a pre-tax loss for the Plate / Section Steel Business Unit.

With sales in decline due to selling prices and shipments (2016: € 0.7 billion) and a reduction in the pre-tax loss to € –32.1 million, the business unit remained within the scope of the expectations announced at the start of the year.

The unsatisfactory capacity utilization at the European pipe mills of EP Group – Dunkirk in particular – and at Salzgitter Mannesmann Grobblech (MGB), coupled with the insufficient selling prices for orders placed by external parties with MGB, caused the large-diameter pipes segment to deliver a pre-tax loss.

Given the unsatisfactory order and capacity utilization situation in the European plants of the largediameter pipes segment in particular, compounded by that of the precision tubes segment and selling prices that largely came under pressure, the Tubes Division delivered a pre-tax loss of € 25.0million (profit before tax in the previous year: € 8.3million).

Including this burden, a pre-tax loss of € 190.2 million was recorded (first half year of 2008: € +345.1 million).