Put companies on watchlist
Salzgitter Aktiengesellschaft
ISIN: DE0006202005
WKN: 620200
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

Salzgitter Aktiengesellschaft · ISIN: DE0006202005 · EQS - adhoc news (80 News)
Country: Germany · Primary market: Germany · EQS NID: 1381483
22 June 2022 03:51PM

The Salzgitter Group raises its guidance for the financial year 2022 – pre-tax profit of more than € 1 billion anticipated


DGAP-Ad-hoc: Salzgitter Aktiengesellschaft / Key word(s): Change in Forecast/Forecast
SALZGITTER AG: The Salzgitter Group raises its guidance for the financial year 2022 – pre-tax profit of more than € 1 billion anticipated

22-Jun-2022 / 15:51 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


The Steel Production and Trading business units continued to benefit from the clear uptrend in prices and demand across all steel products in the second quarter as well. As a result of the most recent consolidation in steel prices, we expect the above-average margins to narrow in the second half of the year. Based on an excellent half-year result already in evidence, we are nevertheless revising our guidance for the Salzgitter Group upward again. We are now anticipating:

- sales of around € 13 billion (previously: just under € 11 billion),

- a pre-tax profit (EBT) of between € 1.0 billion and € 1.2 billion (previously: between € 750 million and € 900 million) and

- a return on capital employed that is higher year-on-year (ROCE; previously: around the year-earlier level).

In the context of the above, we have taken commodity and energy costs at the current level as a basis and assume an ongoing unrestricted availability of natural gas as a precondition for maintaining production. We make specific reference to the virtually unquantifiable risks at present in connection with the war in Ukraine, the consequences of which have meanwhile also been reflected in economic institutions making significant corrections to their economic forecasts.

The financial statements for the first half year will be published on August 11, 2022, 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

22-Jun-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


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: 1381483

 
End of Announcement DGAP News Service

1381483  22-Jun-2022 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1381483&application_name=news&site_id=boersengefluester
Visual performance / price development - Salzgitter Aktiengesellschaft
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

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.