Edition:
India

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.