on Salzgitter AG (isin : DE0006202005)
Salzgitter Group Reports Positive Earnings Amid Challenging Market
Salzgitter AG announced positive earnings before extraordinary items for the 2024 financial year, despite a difficult market environment. The Technology Business Unit delivered record profits, and contributions from their Aurubis AG investment supported this performance. However, external sales fell to €10 billion due to declining steel prices and weak orders. Adjusted for extraordinary items totaling €406 million, the pre-tax earnings stood at €109 million.
The company implemented strategies to boost liquidity and earnings, planning an EBITDA of €350-550 million and pre-tax earnings between €-100 million and €+100 million for 2025. Despite net financial debt rising to €574 million due to green investments, a dividend of €0.20 per share is proposed. The economic outlook remains uncertain, influenced by regulatory challenges and global trade policies. Salzgitter continues its transformation initiatives, including the ongoing SALCOS® program, positioning itself for future growth.
R. E.
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