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Salzgitter AG (SZGG.DE)

SZGG.DE on Xetra

23.04EUR
17 Jun 2019
Change (% chg)

€0.05 (+0.22%)
Prev Close
€22.99
Open
€22.99
Day's High
€23.27
Day's Low
€22.82
Volume
134,848
Avg. Vol
228,543
52-wk High
€44.00
52-wk Low
€22.70

Latest Key Developments (Source: Significant Developments)

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

Salzgitter Says Buys Stainless Steel Pipe Specialist SOTEP
Tuesday, 22 May 2018 

May 22 (Reuters) - Salzgitter AG ::SAYS ITS UNIT MANNESMANN STAINLESS TUBES GMBH BUYS STAINLESS STEEL PIPE SPECIALIST SOTEP.SAYS SOTEP HAS A PLANT WITH 65 EMPLOYEES IN FRANCE, GENERATED MORE THAN 10 MILLION EUROS SALES IN 2017.  Full Article

Salzgitter Group Revises Its 2018 Forecast
Thursday, 26 Apr 2018 

April 26 (Reuters) - Salzgitter AG ::DGAP-ADHOC: SALZGITTER GROUP REVISES ITS 2018 FORECAST UPWARD FOLLOWING STRONG START TO THE YEAR.SALZGITTER GROUP GENERATED A PRE-TAX PROFIT OF EUR 95.9 MILLION IN Q1 OF 2018.WE NOW ANTICIPATE A PRE-TAX PROFIT OF BETWEEN EUR 250 MILLION AND EUR 300 MILLION.  Full Article

Salzgitter 2017 Pre-tax Profit Up At 238.0 Million Euros
Tuesday, 30 Jan 2018 

Jan 30 (Reuters) - SALZGITTER AG ::CLOSES THE FINANCIAL YEAR 2017 WITH THE HIGHEST PRE-TAX RESULT SINCE THE FINANCIAL CRISIS; OUTLOOK FOR 2018 ALSO PROMISING.FY PRETAX PROFIT 238 MILLION EUR.PRE-TAX PROFIT OF EUR 238.0 MILLION IN 2017 (FY 2016: EUR 53.2 MILLION).FY EXTERNAL SALES (EUR 9.0 BILLION; FY 2016: EUR 7.9 BILLION).SEES 2018 MARGINAL INCREASE IN SALES TO ABOVE EUR 9 BILLION.SEES 2018 PRE-TAX PROFIT OF BETWEEN EUR 200 MILLION AND EUR 250 MILLION.  Full Article

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

VW to intensify talks with Northvolt on battery project -Boersen-Zeitung

FRANKFURT, May 25 Volkswagen is intensifying talks with Swedish startup Northvolt on plans to jointly build up battery cell production in Salzgitter, near its headquarters in Lower Saxony, one of its board members told a German newspaper.