on Salzgitter AG (ETR:SZG)
Salzgitter AG Achieves Near Breakeven in Q1 2025
Salzgitter AG reported a pre-tax result close to breakeven for the first quarter of 2025, with EBITDA amounting to €78.6 million. The figures reflect charges of €23 million related to derivative positions and a €10 million impairment from planned portfolio adjustments. Despite a downturn in selling prices and trading volumes, external sales were €2.33 billion, down 13% from €2.68 billion in Q1 2024.
The firm's performance program P28 contributed an additional €14 million to earnings. The Technology Business Unit and equity-accounted investment Aurubis AG made positive earnings contributions, while Steel Production and Processing units showed subdued results. Salzgitter plans to maintain its focus on reinforcing earnings and liquidity amid economic challenges.
R. H.
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