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Salzgitter AG (SZGG.DE)

SZGG.DE on Xetra

12.70EUR
8:35pm IST
Change (% chg)

€0.14 (+1.07%)
Prev Close
€12.56
Open
€12.70
Day's High
€12.88
Day's Low
€12.35
Volume
101,257
Avg. Vol
441,613
52-wk High
€24.81
52-wk Low
€7.77

Latest Key Developments (Source: Significant Developments)

Uniper In Cross-Sector Cooperation To Produce Sponge Iron In Wilhelmshaven
Wednesday, 24 Jun 2020 

June 24 (Reuters) - UNIPER SE ::SUPPORTS STEEL INDUSTRY IN REDUCING CO2 IN CROSS-SECTOR PROJECT.CLIMATE-FRIENDLY SPONGE IRON FOR STEEL PRODUCTION WITH GREEN HYDROGEN IS TO BE PRODUCED IN WILHELMSHAVEN.LETTER OF INTENT SIGNED WITH STATE OF LOWER SAXONY, CITY OF WILHELMSHAVEN, SALZGITTER AG AND RHENUS.  Full Article

Salzgitter Agrees Feasibility Study For Reduction Of Iron Ore At Wilhelmshaven
Wednesday, 24 Jun 2020 

June 24 (Reuters) - SALZGITTER AG ::AGREES FEASIBILITY STUDY FOR THE DIRECT REDUCTION OF IRON ORE AT WILHELMSHAVEN, LOWER SAXONY.RESULTS ARE TO BE AVAILABLE BY MARCH 31, 2021 AT LATEST..STUDY INCLUDES POTENTIALLY BUILDING A DRI PLANT AND DEVELOPING NECESSARY INFRASTRUCTURE FOR SUPPLYING IT WITH RAW MATERIALS, NATURAL GAS AND HYDROGEN.  Full Article

Salzgitter Q1 Result Before Tax Down At EUR -31.4 Mln
Wednesday, 13 May 2020 

May 13 (Reuters) - SALZGITTER AG ::FOCUS ON MITIGATING THE IMPACT OF THE CORONA CRISIS; RESULTS OF THE FIRST QUARTER LARGELY UNAFFECTED.PRELIMINARY OUTLOOK FOR 2020: NEGATIVE PRE-TAX RESULT IN A SIGNIFICANT, MOST LIKELY TRIPLE-DIGIT MILLION EURO RANGE.Q1 EXTERNAL SALES DROPPED TO EUR 2,108.3 MILLION (Q1 2019: EUR 2,293.8 MILLION).Q1 RESULT BEFORE TAX OF EUR -31.4 MILLION (Q1 2019: EUR 125.9 MILLION).Q1 AFTER-TAX LOSS RECORDED AT EUR -43.7 MILLION (Q1 2019: EUR +96.7 MILLION).NO FORECAST IN FAMILIAR FORMAT CAN CURRENTLY BE MADE FOR SALZGITTER GROUP'S BUSINESS DEVELOPMENT IN THIS UNCERTAIN ENVIRONMENT.OUTLOOK 2020: A NOTABLE REDUCTION IN SALES.OUTLOOK 2020: A NEGATIVE PRE-TAX RESULT IN A SIGNIFICANT, MOST LIKELY TRIPLE-DIGIT MILLION EURO RANGE.  Full Article

Salzgitter Q1 Pre-Tax Profit Turns To Loss Of EUR 31.4 Million
Friday, 24 Apr 2020 

April 24 (Reuters) - SALZGITTER AG ::RESULT OF THE FIRST QUARTER LARGELY UNAFFECTED BY CORONA; SIGNIFICANT DETERIORATION AND A CONSIDERABLE PRE-TAX LOSS EXPECTED IN THE FINANCIAL YEAR 2020.PRE-TAX RESULT OF EUR -31.4 MILLION IN Q1 OF FINANCIAL YEAR 2020 (Q1 2019: EUR +125.9 MILLION).ANTICIPATE A NEGATIVE PRE-TAX RESULT IN A SIGNIFICANT, WITH A HIGH PROBABILITY, TRIPLE-DIGIT MILLION EURO RANGE FOR FINANCIAL YEAR 2020.  Full Article

Salzgitter To Buy Back Up To EUR 60 Million Of Outstanding Convertible Bonds Due 2022
Monday, 6 Apr 2020 

April 6 (Reuters) - SALZGITTER AG ::SOLICITS OFFERS TO SELL FROM HOLDERS OF THE OUTSTANDING CONVERTIBLE BONDS DUE 2022 (ISIN DE000A1Z2G97).RESOLVED TODAY TO BUY BACK UP TO AROUND EUR 60 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF OUTSTANDING NON-INTEREST BEARING CONVERTIBLE BONDS DUE 2022 ISSUED BY SALZGITTER FINANCE B.V..INVITES ELIGIBLE HOLDERS OF BONDS TO SUBMIT OFFERS TO SELL FOR CASH UP TO AROUND EUR 60 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF BONDS.RESERVES RIGHT, IN ITS SOLE AND ABSOLUTE DISCRETION, TO PURCHASE LESS THAN OR MORE THAN TARGET AMOUNT.MINIMUM PURCHASE PRICE PER EUR 100,000 PRINCIPAL AMOUNT OF BONDS IS EUR 98,000.SETTLEMENT IS EXPECTED TO OCCUR ON OR AROUND 15 APRIL 2020.FINAL PURCHASE PRICE AND TOTAL NUMBER OF BONDS EXPECTED TO BE ACQUIRED WILL BE DETERMINED VIA A MODIFIED DUTCH AUCTION PROCEDURE CLOSING ON 7 APRIL 2020 AT 5:30 P.M. CEST.  Full Article

Salzgitter Says Reliable Assessment Of Business Development Currently Not Possible
Tuesday, 24 Mar 2020 

March 24 (Reuters) - SALZGITTER AG ::IMPACT OF THE CORONA PANDEMIC: RELIABLE ASSESSMENT OF THE BUSINESS DEVELOP-MENT CURRENTLY NOT POSSIBLE.WE CAN NEITHER MAINTAIN FORECAST REPORT, WHICH WAS PUBLISHED ON MARCH 16, 2020, NOR PROVIDE AN ADEQUATELY ROBUST NEW FORECAST FOR FINANCIAL YEAR 2020.  Full Article

Salzgitter FY After-Tax Profit Turns To Loss Of EUR 237.3 Million
Monday, 16 Mar 2020 

March 16 (Reuters) - SALZGITTER AG ::IN 2020, SEES INCREASE IN SALES TO EUR 9 BILLION.OUTLOOK FOR FINANCIAL YEAR 2020 AFFIRMED.FY EBT OF EUR 143 MILLION EXCLUDING SPECIAL ITEMS WITHIN ORIGINAL FORECAST.FY PRE-TAX RESULT OF EUR -253 MILLION COMPRISES A TOTAL OF EUR -396 MILLION IN SPECIAL ITEMS.TO DISTRIBUTE A DIVIDEND OF EUR 0.20 PER SHARE.ADVENT OF CORONAVIRUS IS YET ANOTHER FACTOR WHOSE IMPACT CANNOT BE RELIABLY ESTIMATED TODAY.GROUP'S FY EXTERNAL SALES DECLINED TO EUR 8,547.3 MILLION DUE ABOVE ALL TO DROP IN ROLLED STEEL SELLING PRICES AND LOWER SHIPMENT VOLUMES (2018: EUR 9,278.2 MILLION).FY AFTER-TAX LOSS THAT STANDS AT EUR -237.3 MILLION (2018: EUR +277.7 MILLION) BRINGS EARNINGS PER SHARE TO EUR -4.46 (2018: EUR 5.06).  Full Article

Salzgitter Awards Contract To Siemens Gas And Power
Monday, 18 Nov 2019 

Nov 18 (Reuters) - SALZGITTER AG ::SALZGITTER FLACHSTAHL GMBH (SZFG) HAS AWARDED CONTRACT TO BUILD A 2.2 MEGAWATT PEM ELECTROLYSIS PLANT (PEM = PROTON EXCHANGE MEMBRANE) TO SIEMENS GAS AND POWER.CONTRACT AWARDED TO SIEMENS FOR 2.2 MEGAWATT PEM ELECTROLYSIS PLANT.COST OF PROJECT AS A WHOLE AMOUNTS TO AROUND 50 MLN EURO.  Full Article

Salzgitter 9-month Pre-Tax Profit Down At EUR 40.7 Million
Wednesday, 13 Nov 2019 

Nov 13 (Reuters) - Salzgitter AG ::PROFIT FORECAST FOR FINANCIAL YEAR 2019 AFFIRMED.9-MONTH PRE-TAX PROFIT OF EUR 40.7 MILLION.9-MONTH EARNINGS BEFORE TAXES OF EUR 40.7 MILLION (9M 2018: EUR 284.6 MILLION).9-MONTH EXTERNAL SALES DECREASED TO EUR 6,637.3 MILLION (9M 2018: EUR 6,931.2 MILLION) DUE ABOVE ALL TO SELLING PRICES.AGAINST BACKDROP OF RESTRUCTURING EXPENSES STILL TO BE DETERMINED FOR IMPLEMENTATION OF "FITSTRUCTURE 2.0".  Full Article

Salzgitter 9-Month Pre-Tax Profit At EUR 40.7 Mln
Wednesday, 6 Nov 2019 

Nov 6 (Reuters) - SALZGITTER AG ::9-MONTH PRE-TAX PROFIT OF EUR 40.7 MILLION (9M 2018: EUR 284.6 MILLION).AFFIRM OUR EARNINGS FORECAST FOR FINANCIAL YEAR 2019, ADJUSTED ON SEPTEMBER 26.9-MONTH EXTERNAL SALES DECLINED TO EUR 6.6 BILLION (9M 2018: EUR 6.9 BILLION) DUE ABOVE ALL TO SELLING PRICES.  Full Article

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Salzgitter: No negotiations with Thyssenkrupp on steel

DUESSELDORF/FRANKFURT, Germany Germany's second-largest steelmaker Salzgitter on Wednesday said it was not in talks with larger rival Thyssenkrupp about consolidation, pouring cold water on hopes for the creation of a national metals giant.