Salzgitter AG (SZGG.DE)

SZGG.DE on Xetra

19 Jan 2018
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€1.20 (+2.40%)
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Latest Key Developments (Source: Significant Developments)

Salzgitter posts 9M pretax profit of 174.5 mln euros​
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Salzgitter AG says:Continues earnings trend with very satisfactory summer quarter.Preliminary figures now available, Salzgitter generated a pre-tax profit of eur 174.5 million in first three quarters of financial year 2017 (9M 2016: eur 21.1 million)​.Result includes eur -8.7 million (9M 2016: eur 16.8 million) in contribution anticipated from Aurubis investment.The strong performance of the Strip Steel and Trading business units and effects from internal programs of measures more than offset the usual seasonal impact in the summer quarter from customer behavior as well as scheduled repair and maintenance standstills​.Affirms earnings forecast raised on October 24, 2017​.  Full Article

Salzgitter confirms FY 2016 outlook
Monday, 25 Apr 2016 

Salzgitter AG:For 2016 year as a whole anticipates, as before, an operating pre-tax result around breakeven - depending on when various EU measures against dumped steel imports take effect - as well as net of non-recurrent expenses for specific measures aimed at structural improvements within the Group.  Full Article

Salzgitter AG wins contract to supply pipes for Egypt's Zohr project
Friday, 22 Apr 2016 

Salzgitter AG:Says supplies 132,000 tonnes of large diametre pipes for Zohr project in Egypt.  Full Article

Salzgitter says wins pipe order for Trans Adriatic Pipeline (TAP) pipeline
Tuesday, 19 Apr 2016 

Salzgitter AG:Salzgitter Group is to deliver more than 71,000 t of large-diameter pipes measuring 36 Inch in diameter for the 110 km long offshore leg of the Trans Adriatic Pipeline (TAP).Order was booked by Salzgitter Mannesmann International GmbH, the Group’s trading subsidiary.  Full Article

Salzgitter unit places debut bonded loan of 200 mln euros
Friday, 1 Apr 2016 

Salzgitter AG:Salzgitter Kloeckner-Werke GmbH places its debut bonded loan of 200 million euros.Says investors show interest despite difficult industry environment.Says volume is divided into fixed and variable tranches in three, five and seven years.Says initial average interest across all tranches amounts to around 1.8 pct p.a. Disbursement is carried out on value date of April 5, 2016.Says intend to use funds gained from this transaction to finance international growth, among other measures.  Full Article

Salzgitter appoints Heinz-Gerhard Wente new chairman
Thursday, 17 Mar 2016 

Salzgitter AG:Change in chairman of Salzgitter AG's supervisory boar​d.In regular meeting on March 17, 2016, supervisory board appointed Heinz-Gerhard Wente as its new chairman​.Having reached his 78th year, Rainer Thieme is laying down his mandate as chairman and as a member of supervisory board, effective March 31, 2016​.  Full Article

Salzgitter EUROPIPE joint venture to deliver pipes for Nord Stream 2
Friday, 11 Mar 2016 

Salzgitter AG:EUROPIPE joint venture to deliver pipes for Nord Stream 2.EUROPIPE, a 50/50 joint venture of the Salzgitter Group and AG der Dillinger Huettenwerke, receives an order for the delivery of large-diameter pipes for the lines 3 and 4 of the Baltic Sea pipeline.Total quantity is 2.2 million tons (2,500 km).EUROPIPE will receive approx. 890.000 tons (ca. 1,100 km).  Full Article

Salzgitter AG issues FY 2016 outlook in line with analysts' estimates
Friday, 26 Feb 2016 

Salzgitter AG:Sees 2016 ‍sales virtually stable at around 8.6 billion euros.FY 2016 revenue 8,572 million euros - Thomson Reuters I/B/E/S.  Full Article

Salzgitter wins three orders from Open Grid Europe‍​
Tuesday, 16 Feb 2016 

Salzgitter AG:Wins three orders from Open Grid Europe‍​.Orders total around 70,000 tonnes of pipes.  Full Article

German stocks - Factors to watch on November 23

FRANKFURT, Nov 23 The following are some of the factors that may move German stocks on Thursday: