Put companies on watchlist
Salzgitter Aktiengesellschaft
ISIN: DE0006202005
WKN: 620200
Curious about what AI knows about Salzgitter? Just one click more
More AI Integrations
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

Salzgitter Aktiengesellschaft · ISIN: DE0006202005 · EQS - adhoc news (84 News)
Country: Germany · Primary market: Germany · EQS NID: 1897579
07 May 2024 12:21PM

Salzgitter AG revises its guidance for the financial year 2024


EQS-Ad-hoc: Salzgitter Aktiengesellschaft / Key word(s): Change in Forecast
Salzgitter Aktiengesellschaft: Salzgitter AG revises its guidance for the financial year 2024

07-May-2024 / 12:21 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


The Salzgitter Group generated external sales of € 2.7 billion (Q1 2023: € 3.0 billion), earnings before interest, taxes, depreciation and amortization (EBITDA) of € 126 million (Q1 2023: € 290 million), and a pre-tax profit of € 17 million (Q1 2023:  € 184 million) in the first quarter of the financial year 2024. Sales and the result of the opening quarter are therefore in line with capital market expectations.

As far as the remainder of the year is concerned, there are also indications that the German economy will not be able to keep pace with the upswing in other industrial nations. The signs of recovery are more hesitant and weaker than originally anticipated; at the same time uncertainty regarding the economic development in the second half of 2024 is on the rise. This has an immediate impact, above all on the performance of our Group’s steel-related companies in which, among other factors, delays in planned incoming orders are materializing. Against this backdrop, we are adjusting our outlook for the financial year 2024 and now anticipate the following for the Salzgitter Group:

  • sales of around € 10.5 billion (previously between € 10.5 billion and € 11.0 billion),
  • an EBITDA of between € 550 million and € 625 million (previously: between € 700 million and € 750 million),
  • a pre-tax profit of between € 100 million and € 175 million (previously: between € 250 million and € 300 million), and
  • a return on capital employed that is slightly lower year on year (ROCE; previously: around the year-earlier level).

Further details on the financial statements for the first quarter will be published on May 13, 2024, 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

07-May-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


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: 1897579

 
End of Announcement EQS News Service

1897579  07-May-2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1897579&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f
Visual performance / price development - Salzgitter Aktiengesellschaft
Smart analysis and research tools can be found here.
MIC: XETR

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2025
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

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.