on Salzgitter AG (ETR:SZG)
Salzgitter AG Reports 2025 Preliminary Financials and Sets 2026 Guidance
Salzgitter AG, the German steel manufacturer, has released its preliminary financial results for 2025. The company recorded external sales of €9.0 billion, a decrease from €10.0 billion in 2024. The earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at €376 million, down from €445 million the previous year. Nevertheless, the pre-tax result improved to €–28 million compared to €–296 million in 2024.
The improvement was partly due to a €180 million contribution from Aurubis AG, impacted by favorable metal price valuations, despite a €–30 million valuation effect from a bond exchangeable into Aurubis shares.
Looking ahead to 2026, Salzgitter AG anticipates sales of around €9.5 billion, an EBITDA between €500 million and €600 million, and a pre-tax result between €75 million and €175 million. The guidance excludes potential impacts from the reorganization of Hüttenwerke Krupp Mannesmann GmbH.
R. E.
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