Germany’s Arcandor Group reports a 70 percent reduction in the...

Germany’s Arcandor Group reports a 70 percent reduction in the adjusted operating loss before depreciation and amortization (EBITDA) for the second quarter ended March 31, which fell to only €53 million in this seasonally soft period. The adjusted EBITDA loss at Karstadt declined by 13.6 percent to €23 million on ...

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