United Kingdom

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​. 

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