EBITDA in the financial year 2024 exceeds expectations; management guidance for 2025 approved
|
EQS-Ad-hoc: Salzgitter Aktiengesellschaft / Key word(s): Preliminary Results/Forecast According to the still preliminary figures now available, the Salzgitter Group recorded the following results in the financial year 2024: external sales of € 10.0 billion (FY 2023: € 10.8 billion), earnings before interest, taxes, depreciation and amortization (EBITDA) of € 445 million (FY 2023: € 677 million) and a pre-tax loss of € -296 million (FY 2023: pre-tax profit of € 238 million). The result includes a contribution of € 184 million (FY 2023: € 40 million) from the participating investment in Aurubis AG accounted for using the equity method (IFRS accounting), along with € 278 million in impairment expenses as well as € 128 million in expenses in connection with restructuring. The result includes a contribution of € 184 million (FY 2023: € 40 million) from the participating investment in Aurubis AG accounted for using the equity method (IFRS accounting), along with € 278 million in impairment expenses as well as € 128 million in expenses in connection with restructuring measures. Sales and the pre-tax result were therefore in line with – while EBITDA exceeded – our forecast and the expectations of the capital market. There is currently no end in sight to the German economy's stagnation; economic policy measures of a new federal government could have a positive effect from the second half of the year. The statements of the new American government on trading policies have fueled uncertainty particularly with regard to the prospects for foreign trade. Against this backdrop, we anticipate the following for the Salzgitter Group in the financial year 2025:
Further details on the financial statements for the financial year 2024 will be published on March 21, 2025, as scheduled. Contact: Markus Heidler Head of Investor Relations Salzgitter AG Eisenhüttenstraße 99 38239 Salzgitter Phone +49 5341 21-6105 Fax +49 5341 21-2570 E-Mail ir@salzgitter-ag.de End of Inside Information
11-Feb-2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Salzgitter Aktiengesellschaft |
| Eisenhüttenstraße 99 | |
| 38239 Salzgitter | |
| Germany | |
| Phone: | +49 5341 21-01 |
| Fax: | +49 5341 21-2727 |
| E-mail: | info@salzgitter-ag.de |
| Internet: | www.salzgitter-ag.de |
| ISIN: | DE0006202005 |
| WKN: | 620200 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2084573 |
| End of Announcement | EQS News Service |
|
|
2084573 11-Feb-2025 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.