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Salzgitter AG (SZGG.DE)

SZGG.DE on Xetra

11.73EUR
3:23pm IST
Change (% chg)

€0.09 (+0.77%)
Prev Close
€11.64
Open
€11.67
Day's High
€11.80
Day's Low
€11.54
Volume
37,811
Avg. Vol
341,319
52-wk High
€20.73
52-wk Low
€7.77

Latest Key Developments (Source: Significant Developments)

Salzgitter Proposes To Suspend 2019 Dividend
Wednesday, 20 May 2020 

May 20 (Reuters) - SALZGITTER AG ::PROPOSAL TO SUSPEND DIVIDEND FOR THE FINANCIAL YEAR 2019.  Full Article

Salzgitter Cuts Its Forecast For 2019 Due To Non-recurring Writedowns
Tuesday, 14 Jan 2020 

Jan 14 (Reuters) - Salzgitter AG ::DGAP-ADHOC: SALZGITTER AG: SALZGITTER GROUP ADJUSTS ITS FORECAST FOR THE FINANCIAL YEAR 2019 DUE TO NON- RECURRING WRITEDOWNS.MEASURE WILL POSITIVELY IMPACT CONSOLIDATED RESULT OF FUTURE FINANCIAL YEARS IN DIMENSIONS OF AROUND EUR 25 MILLION P.A..IMPAIRMENT WILL BE CARRIED OUT IN FOLLOWING BUSINESS UNITS: STRIP STEEL (EUR 100 MILLION), PLATE / SECTION STEEL (EUR 50 MILLION) AND MANNESMANN (EUR 40 MILLION).ORIGINAL FORECAST FOR A PRE-TAX PROFIT GENERATED FROM OPERATIONS (OF BETWEEN EUR 125 MILLION AND EUR 175 MILLION) IS THEREFORE AFFIRMED.WILL INCLUDE NON-RECURRING, NON-CASH WRITEDOWNS AMOUNTING TO ALMOST EUR 200 MILLION.NOW ANTICIPATE A PRE-TAX LOSS OF BETWEEN EUR 250 MILLION AND EUR 280 MILLION FOR FINANCIAL YEAR 2019 (PREVIOUSLY: A PRE-TAX LOSS IN MID-DOUBLE-DIGIT MILLION EURO RANGE).WE ANTICIPATE A PRE-TAX RESULT APPROACHING BREAKEVEN IN CURRENT FINANCIAL YEAR 2020.  Full Article

Salzgitter: We Are Definitely Not In Merger Talks with Thyssenkrupp
Friday, 23 Aug 2019 

Aug 23 (Reuters) - Salzgitter ::SAYS THERE ARE DEFINITELY NO DISCUSSIONS ABOUT A MERGER AFTER REPORT MENTIONING COMPANY AS POTENTIAL TARGET FOR THYSSENKRUPP <<>>.  Full Article

Salzgitter H1 After-Tax Result Down At 96.4 Million Euros
Monday, 12 Aug 2019 

Aug 12 (Reuters) - SALZGITTER AG ::H1 PRETAX PROFIT 145.3 MILLION EUR.H1 SALES 4.5 BILLION EUR.PROFIT FORECAST FOR FINANCIAL YEAR 2019 AFFIRMED.Q2 PRE-TAX PROFIT (EUR 19.4 MILLION).H1 EXTERNAL SALES OF EUR 4.5 BILLION COMPARED WITH PREVIOUS YEAR'S PERIOD (H1 2018: EUR 4.6 BILLION).H1 EARNINGS BEFORE TAXES ACHIEVED A PRESENTABLE EUR 145.3 MILLION (H1 2018: EUR 198.6 MILLION).H1 AFTER-TAX RESULT STOOD AT EUR 96.4 MILLION (H1 2018: EUR 135.4 MILLION).  Full Article

Salzgitter And Tenova Signed MoU For Pursuit Of Salcos Project
Wednesday, 3 Apr 2019 

April 3 (Reuters) - SALZGITTER AG ::SALZGITTER AG AND TENOVA SIGNED A MEMORANDUM OF UNDERSTANDING FOR PURSUIT OF SALCOS PROJECT FOR CO2-REDUCED STEEL PRODUCTION BASED ON HYDROGEN.COOPERATION AIMS AT JOINTLY APPLYING FOR PUBLIC FUNDING OF SALCOS PROJECT.  Full Article

Salzgitter Sees Rising Steel Prices This Year
Monday, 1 Apr 2019 

April 1 (Reuters) - Salzgitter AG CEO::PROBABILITY STEEL PRICES WILL RISE THIS YEAR IS VERY HIGH.WE HAD A VERY GOOD START TO 2019 IN TERMS OF EBT F'CAST.  Full Article

Salzgitter Would Look Into Thyssen/Tata JV Assets - CEO
Monday, 1 Apr 2019 

April 1 (Reuters) - Salzgitter CEO, asked about interest in activities of Thyssenkrupp/Tata JV that may be sold::We would look at that with interest.  Full Article

Salzgitter Group Sees 2019 Pre-Tax Profit Of 125-175 Mln Eur
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Salzgitter AG ::DGAP-NEWS: SALZGITTER AG: KEY DATA FOR THE FINANCIAL YEAR 2018.EARNINGS BEFORE TAXES RAISED BY ALMOST 50 % YEAR ON YEAR.ADDITIONAL PROFIT CONTRIBUTION OF EUR 150 MILLION REALIZED FROM INTERNAL MEASURES HIGHLIGHTS THEIR SIGNIFICANCE.GUIDANCE FOR FINANCIAL YEAR 2019 AFFIRMED.FINANCIAL BASIS AND BALANCE SHEET OF GROUP REMAIN SOUND WITH AN EQUITY RATIO OF 38.1 % AND A NET FINANCIAL POSITION OF EUR 191.6 MILLION.2018 EARNINGS BEFORE TAXES RESULT INCREASED TO EUR 347.3 MILLION.LIKELIHOOD OF CHALLENGES INCREASING IN CURRENT YEAR.OUTLOOK: STRIP STEEL BUSINESS UNIT EXPECTS MUTED DEVELOPMENT OF BUSINESS, ANTICIPATES STABLE SALES AND TANGIBLY LOWER EARNINGS BEFORE TAXES.IMPORT PRESSURE ON EUROPEAN STEEL MARKET IS LIKELY TO REMAIN HIGH.ASSUME THAT RAW MATERIALS COSTS, ESPECIALLY FOR IRON ORE, WILL RANGE NOTABLY ABOVE 2018 LEVEL.HEAVY PLATE MARKET CONTINUES TO BE CHARACTERIZED BY PARTICULARLY HIGH IMPORT VOLUMES FROM NON-EU COUNTRIES INTO EU.SITUATION IS AGGRAVATED BY LACK OF FOLLOW-UP ORDERS AT MÜLHEIM-BASED COMPANY FOR DELIVERY OF PIPELINE INPUT MATERIAL.IN SECTIONS STEEL SEGMENT, MARGINS ARE EXPECTED TO RETURN TO A NORMAL LEVEL FOLLOWING A VERY GRATIFYING PREVIOUS YEAR.ASSUME SALES THAT WILL BE NOTABLY BELOW PREVIOUS YEAR'S FIGURE AND EXPECT A PRE-TAX LOSS FOR PLATE / SECTION STEEL BUSINESS UNIT.GROUP SEES SLIGHT INCREASE IN SALES TO ABOVE EUR 9.5 BILLION MARK IN 2019.SEES PRE-TAX PROFIT OF BETWEEN EUR 125 MILLION AND EUR 175 MILLION IN 2019 FOR GROUP.  Full Article

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Thyssenkrupp must quickly present strategy, steel solution - Deka

FRANKFURT Conglomerate Thyssenkrupp must soon find a solution for its struggling steel unit and say how it will spend the 17.2 billion euros ($20.2 billion) in proceeds from the sale of its elevator division, a top-20 investor said.