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Salzgitter AG

SZGG.DE

Latest Trade

12.64EUR

Change

-0.09(-0.67%)

Volume

107,974

Today's Range

12.34

 - 

12.74

52 Week Range

7.77

 - 

20.73

As of on the XETRA ∙ Minimum 15 minute delay

Pricing

Previous Close
12.72
Open
12.65
Volume
107,974
3M AVG Volume
7.06
Today's High
12.74
Today's Low
12.34
52 Week High
20.73
52 Week Low
7.77
Shares Out (MIL)
54.09
Market Cap (MIL)
764.43
Forward P/E
-3.47
Dividend (Yield %)
--

Next Event

Half Year 2020 Salzgitter AG Earnings Release

Latest Developments

More

Uniper In Cross-Sector Cooperation To Produce Sponge Iron In Wilhelmshaven

Salzgitter Agrees Feasibility Study For Reduction Of Iron Ore At Wilhelmshaven

Salzgitter Proposes To Suspend 2019 Dividend

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About Salzgitter AG

Salzgitter AG is a Germany-based producer of steel and steel products. The Company operates through five segments: The Strip Steel segment is composed of the operating companies Salzgitter Flachstahl GmbH, Salzgitter Bauelemente GmbH, Salzgitter Europlatinen GmbH and Salzgitter Mannesmann Stahlservice GmbH and produces strip steel in a wide variety of metallurgic compositions and dimensions. The Plate/Section Steel segment includes Ilsenburger Grobblech GmbH, Salzgitter Mannesmann Grobblech, Peiner Traeger GmbH and HSP Hoesch Spundwand und Profil GmbH and provides various pig iron, steel and steel products. The Mannesmann segment provides steel tubes and pipes and operates through Mannesmannroehren-Werke GmbH. The Trading segment is engaged in trading steel products through Salzgitter Mannesmann Handel GmbH and Universal Eisen und Stahl GmbH. The Technology segment provides products and services for manufacturers of machinery and plants for the filling and packaging of beverages.

Industry

Iron & Steel

Contact Info

Eisenhuettenstrasse 99

38239

Germany

+49.5341.2101

https://www.salzgitter-ag.com/de/

Executive Leadership

Heinz-Gerhard Wente

Independent Chairman of the Supervisory Board

Heinz Joerg Fuhrmann

Chairman of the Executive Board, Chief Executive Officer, Member of the Group Management Board

Hans-Juergen Urban

Vice Chairman of the Supervisory Board

Burkhard Becker

Chief Financial Officer, Member of the Group Management Board and Executive Board

Michael Kieckbusch

Member of the Group Management Board, and Executive Board, Personnel and Services Division

Key Stats

3.32 mean rating - 19 analysts
Sell
Hold
Buy
Revenue (MM, EUR)

2017

9.0K

2018

9.3K

2019

8.5K

2020(E)

7.2K
EPS (EUR)

2017

3.350

2018

4.800

2019

-4.460

2020(E)

-3.512
Price To Earnings (TTM)
--
Price To Sales (TTM)
0.09
Price To Book (MRQ)
0.23
Price To Cash Flow (TTM)
5.10
Total Debt To Equity (MRQ)
36.97
LT Debt To Equity (MRQ)
22.00
Return on Investment (TTM)
-5.86
Return on Equity (TTM)
-4.33

Latest News

Latest News

Salzgitter posts 128 million euro first half loss on COVID-19 pandemic

German steelmaker Salzgitter <SZGG.DE> on Wednesday said that low capacity utilization due to the COVID-19 pandemic led to a pre-tax loss of 127.8 million euros (116.4 million pounds) in the first half, exceeding worst investor expectations.

Salzgitter CEO sees no immediate need for M&A

Germany's second-largest steelmaker Salzgitter <SZGG.DE> sees no benefit from consolidation for now, Chief Executive Heinz Joerg Fuhrmann told shareholders on Wednesday, in a rebuff to its major rival Thyssenkrupp <TKAG.DE>.

Salzgitter: No negotiations with Thyssenkrupp on steel

Germany's second-largest steelmaker Salzgitter <SZGG.DE> on Wednesday said it was not in talks with larger rival Thyssenkrupp <TKAG.DE> about consolidation, pouring cold water on hopes for the creation of a national metals giant.

Steelmaker Salzgitter expects 2020 loss to top 100 million euros

Germany's second-largest steel maker Salzgitter <SZGG.DE> said on Wednesday that it expects to post a significant 2020 pre-tax loss, most likely of more than 100 million euros ($109 million), as the coronavirus pandemic weighs on its business.

German steelmaker Salzgitter reduces output

Germany's second-largest steelmaker Salzgitter has reduced production at two of its blast furnaces and could cut output further, it said on Wednesday, citing reduced demand because of the coronavirus pandemic.

Salzgitter not talking about tie-ups with Thyssenkrupp: CEO

German steelmaker Salzgitter <SZGG.DE> is not discussing any partial or full merger scenarios with larger peer Thyssenkrupp <TKAG.DE>, its CEO said, adding the group remained open to the idea of consolidation if it makes sense.

Salzgitter not talking about tie-ups with Thyssenkrupp - CEO

German steelmaker Salzgitter <SZGG.DE> is not discussing any partial or full merger scenarios with larger peer Thyssenkrupp <TKAG.DE>, its CEO said, adding the group remained open to the idea of consolidation if it makes sense.

RPT-Salzgitter expects sales to rebound in 2020

Germany's second-largest steelmaker Salzgitter on Monday said it expects revenues to rise in 2020, pointing to an improvement in its core market Europe, where cheap imports have weighed on prices and margins.

Salzgitter expects sales to rebound in 2020

Germany's second-largest steelmaker Salzgitter on Monday said it expects revenues to rise in 2020, pointing to an improvement in its core market Europe, where cheap imports have weighed on prices and margins.

Thyssenkrupp explores steel merger with Salzgitter - Der Spiegel

Thyssenkrupp <TKAG.DE> is considering reviving plans for a steel merger with smaller German peer Salzgitter <SZGG.DE>, magazine Der Spiegel reported on Friday, not citing where it obtained the information.

German antitrust watchdog fines Thyssen, Salzgitter, Voestalpine

Germany's cartel authority said on Thursday it was fining the country's two large steel makers Thyssenkrupp and Salzgitter as well as Austria's Voestalpine for price fixing.

VW to intensify talks with Northvolt on battery project: Boersen-Zeitung

Volkswagen is intensifying talks with Swedish startup Northvolt on plans to jointly build up battery cell production in Salzgitter, near its headquarters in Lower Saxony, one of its board members told a German newspaper.

Salzgitter sees pretax profit in upper end of guidance range

Germany's second-largest steelmaker Salzgitter said on Monday it is expecting a 2019 pretax profit in the upper end of its 125 million to 175 million euros guidance (£107 million to £151 million), sending shares higher.

Salzgitter CEO eyes Thyssenkrupp-Tata Steel JV remedies: CEO

Salzgitter's chief executive will look at any assets that Thyssenkrupp and India's Tata Steel could divest as part of anti-trust remedies being offered to help their planned joint venture deal, he said on Monday.

Salzgitter shares hit two and a half year low on weak 2019 outlook

Salzgitter on Tuesday said its pre-tax profit could fall by nearly two thirds this year, pointing to cooling demand for steel amid increasing signs of a global economic slowdown.

Volkswagen to manufacture mobile electric car recharging stations

Volkswagen will manufacture electric car batteries and charging stations in its home region in Germany, as it prepares to mass produce electric vehicles and overhaul its components division, which makes engines and steering parts.

Salzgitter sees limited impact from U.S. steel tariffs

Salzgitter <SZGG.DE>, Germany's second-largest steelmaker, says tariffs slapped on steel imports by the U.S. government will have a limited impact on its business.

Salzgitter builds new line for automotive steel

German steelmaker Salzgitter <SZGG.DE> will build a third hot-dip galvanising line to strengthen its position in the market for premium steel used in the car industry, it said on Friday.

Salzgitter builds new line to strengthen position in automotive

German steelmaker Salzgitter will build a third hot-dip galvanising line to strengthen its position in premium steel for the automotive industry, it said on Friday.

UPDATE 2-German cartel office deepens steel investigation, searches firms

* Thyssenkrupp, Kloeckner say were not searched (Adds ArcelorMittal, German steel federation)

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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