Edition:
United Kingdom

Salzgitter AG (SZGG.DE)

SZGG.DE on Xetra

46.22EUR
3:42pm GMT
Change (% chg)

€-0.51 (-1.09%)
Prev Close
€46.73
Open
€46.89
Day's High
€47.11
Day's Low
€46.15
Volume
111,774
Avg. Vol
242,119
52-wk High
€52.48
52-wk Low
€29.74

Latest Key Developments (Source: Significant Developments)

Salzgitter 2017 Pre-tax Profit Up At 238.0 Million Euros
Tuesday, 30 Jan 2018 

Jan 30 (Reuters) - SALZGITTER AG ::CLOSES THE FINANCIAL YEAR 2017 WITH THE HIGHEST PRE-TAX RESULT SINCE THE FINANCIAL CRISIS; OUTLOOK FOR 2018 ALSO PROMISING.FY PRETAX PROFIT 238 MILLION EUR.PRE-TAX PROFIT OF EUR 238.0 MILLION IN 2017 (FY 2016: EUR 53.2 MILLION).FY EXTERNAL SALES (EUR 9.0 BILLION; FY 2016: EUR 7.9 BILLION).SEES 2018 MARGINAL INCREASE IN SALES TO ABOVE EUR 9 BILLION.SEES 2018 PRE-TAX PROFIT OF BETWEEN EUR 200 MILLION AND EUR 250 MILLION.  Full Article

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​.  Full Article

Salzgitter confirms FY 2016 outlook
Monday, 25 Apr 2016 

Salzgitter AG:For 2016 year as a whole anticipates, as before, an operating pre-tax result around breakeven - depending on when various EU measures against dumped steel imports take effect - as well as net of non-recurrent expenses for specific measures aimed at structural improvements within the Group.  Full Article

Salzgitter AG wins contract to supply pipes for Egypt's Zohr project
Friday, 22 Apr 2016 

Salzgitter AG:Says supplies 132,000 tonnes of large diametre pipes for Zohr project in Egypt.  Full Article

Salzgitter says wins pipe order for Trans Adriatic Pipeline (TAP) pipeline
Tuesday, 19 Apr 2016 

Salzgitter AG:Salzgitter Group is to deliver more than 71,000 t of large-diameter pipes measuring 36 Inch in diameter for the 110 km long offshore leg of the Trans Adriatic Pipeline (TAP).Order was booked by Salzgitter Mannesmann International GmbH, the Group’s trading subsidiary.  Full Article

Salzgitter unit places debut bonded loan of 200 mln euros
Friday, 1 Apr 2016 

Salzgitter AG:Salzgitter Kloeckner-Werke GmbH places its debut bonded loan of 200 million euros.Says investors show interest despite difficult industry environment.Says volume is divided into fixed and variable tranches in three, five and seven years.Says initial average interest across all tranches amounts to around 1.8 pct p.a. Disbursement is carried out on value date of April 5, 2016.Says intend to use funds gained from this transaction to finance international growth, among other measures.  Full Article

Salzgitter appoints Heinz-Gerhard Wente new chairman
Thursday, 17 Mar 2016 

Salzgitter AG:Change in chairman of Salzgitter AG's supervisory boar​d.In regular meeting on March 17, 2016, supervisory board appointed Heinz-Gerhard Wente as its new chairman​.Having reached his 78th year, Rainer Thieme is laying down his mandate as chairman and as a member of supervisory board, effective March 31, 2016​.  Full Article

Salzgitter EUROPIPE joint venture to deliver pipes for Nord Stream 2
Friday, 11 Mar 2016 

Salzgitter AG:EUROPIPE joint venture to deliver pipes for Nord Stream 2.EUROPIPE, a 50/50 joint venture of the Salzgitter Group and AG der Dillinger Huettenwerke, receives an order for the delivery of large-diameter pipes for the lines 3 and 4 of the Baltic Sea pipeline.Total quantity is 2.2 million tons (2,500 km).EUROPIPE will receive approx. 890.000 tons (ca. 1,100 km).  Full Article

Photo

Any U.S. tariffs could spark trade war, cut growth, Germany says

BERLIN The German chamber of commerce said on Wednesday that U.S. import tariffs on steel could trigger a trade war with major trading partners, which analysts say could cut growth in Europe's largest economy by up to 1 percentage point.