Metair, the battery and vehicle component maker, on Tuesday blamed new car model launches for its expected drop in headline earnings per share for the year to December 2016. The company, which provides batteries and energy storage for a wide range of industries including automotive and nuclear power, said it expected its headline earnings per share to be 9.68%-7.26% lower than the 248c reported in the previous period. Earnings per share are expected to be 222c-228c from 267c in the previous period. The company said it experienced new-car model launch challenges during the first half of 2016. "New-model launches are always associated with lower margins," it said.
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