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Salzgitter AG

SZGG.DE

Latest Trade

15.39EUR

Change

0.22(+1.42%)

Volume

10,486

Today's Range

15.37

 - 

15.54

52 Week Range

14.13

 - 

31.51

As of on the XETRA ∙ Minimum 15 minute delay

Latest Developments

Salzgitter Cuts Its Forecast For 2019 Due To Non-recurring Writedowns

Jan 14 (Reuters) - Salzgitter AG <SZGG.DE>::DGAP-ADHOC: SALZGITTER AG: SALZGITTER GROUP ADJUSTS ITS FORECAST FOR THE FINANCIAL YEAR 2019 DUE TO NON- RECURRING WRITEDOWNS.MEASURE WILL POSITIVELY IMPACT CONSOLIDATED RESULT OF FUTURE FINANCIAL YEARS IN DIMENSIONS OF AROUND EUR 25 MILLION P.A..IMPAIRMENT WILL BE CARRIED OUT IN FOLLOWING BUSINESS UNITS: STRIP STEEL (EUR 100 MILLION), PLATE / SECTION STEEL (EUR 50 MILLION) AND MANNESMANN (EUR 40 MILLION).ORIGINAL FORECAST FOR A PRE-TAX PROFIT GENERATED FROM OPERATIONS (OF BETWEEN EUR 125 MILLION AND EUR 175 MILLION) IS THEREFORE AFFIRMED.WILL INCLUDE NON-RECURRING, NON-CASH WRITEDOWNS AMOUNTING TO ALMOST EUR 200 MILLION.NOW ANTICIPATE A PRE-TAX LOSS OF BETWEEN EUR 250 MILLION AND EUR 280 MILLION FOR FINANCIAL YEAR 2019 (PREVIOUSLY: A PRE-TAX LOSS IN MID-DOUBLE-DIGIT MILLION EURO RANGE).WE ANTICIPATE A PRE-TAX RESULT APPROACHING BREAKEVEN IN CURRENT FINANCIAL YEAR 2020.

Salzgitter Awards Contract To Siemens Gas And Power

Nov 18 (Reuters) - SALZGITTER AG <SZGG.DE>::SALZGITTER FLACHSTAHL GMBH (SZFG) HAS AWARDED CONTRACT TO BUILD A 2.2 MEGAWATT PEM ELECTROLYSIS PLANT (PEM = PROTON EXCHANGE MEMBRANE) TO SIEMENS GAS AND POWER.CONTRACT AWARDED TO SIEMENS FOR 2.2 MEGAWATT PEM ELECTROLYSIS PLANT.COST OF PROJECT AS A WHOLE AMOUNTS TO AROUND 50 MLN EURO.

Salzgitter 9-month Pre-Tax Profit Down At EUR 40.7 Million

Nov 13 (Reuters) - Salzgitter AG <SZGG.DE>::PROFIT FORECAST FOR FINANCIAL YEAR 2019 AFFIRMED.9-MONTH PRE-TAX PROFIT OF EUR 40.7 MILLION.9-MONTH EARNINGS BEFORE TAXES OF EUR 40.7 MILLION (9M 2018: EUR 284.6 MILLION).9-MONTH EXTERNAL SALES DECREASED TO EUR 6,637.3 MILLION (9M 2018: EUR 6,931.2 MILLION) DUE ABOVE ALL TO SELLING PRICES.AGAINST BACKDROP OF RESTRUCTURING EXPENSES STILL TO BE DETERMINED FOR IMPLEMENTATION OF "FITSTRUCTURE 2.0".

Salzgitter 9-Month Pre-Tax Profit At EUR 40.7 Mln

Nov 6 (Reuters) - SALZGITTER AG <SZGG.DE>::9-MONTH PRE-TAX PROFIT OF EUR 40.7 MILLION (9M 2018: EUR 284.6 MILLION).AFFIRM OUR EARNINGS FORECAST FOR FINANCIAL YEAR 2019, ADJUSTED ON SEPTEMBER 26.9-MONTH EXTERNAL SALES DECLINED TO EUR 6.6 BILLION (9M 2018: EUR 6.9 BILLION) DUE ABOVE ALL TO SELLING PRICES.

Salzgitter Cuts 2019 Earnings Forecast Due To Risk Provisioning

Sept 26 (Reuters) - Salzgitter AG <SZGG.DE>::DGAP-ADHOC: SALZGITTER AG: SALZGITTER GROUP ADJUSTS ITS EARNINGS FORECAST FOR THE FINANCIAL YEAR 2019 DUE TO RISK PROVISIONING.RISK PROVISION FORMED IN 2018 ANNUAL FINANCIAL ACCOUNTS WILL THEREFORE BE INCREASED BY AROUND EUR 140 MILLION AS OF SEPTEMBER 30, 2019.2019 EBT FROM OPERATIONS IS ANTICIPATED BETWEEN EUR 125 AND 175 MILLION.ANTICIPATE A PRE-TAX LOSS IN MID DOUBLE-DIGIT MILLION EURO RANGE FOR FINANCIAL YEAR 2019.

Salzgitter: We Are Definitely Not In Merger Talks with Thyssenkrupp

Aug 23 (Reuters) - Salzgitter <SZGG.DE>::SAYS THERE ARE DEFINITELY NO DISCUSSIONS ABOUT A MERGER AFTER REPORT MENTIONING COMPANY AS POTENTIAL TARGET FOR THYSSENKRUPP <<<TKAG.DE>>>.

Salzgitter H1 After-Tax Result Down At 96.4 Million Euros

Aug 12 (Reuters) - SALZGITTER AG <SZGG.DE>::H1 PRETAX PROFIT 145.3 MILLION EUR.H1 SALES 4.5 BILLION EUR.PROFIT FORECAST FOR FINANCIAL YEAR 2019 AFFIRMED.Q2 PRE-TAX PROFIT (EUR 19.4 MILLION).H1 EXTERNAL SALES OF EUR 4.5 BILLION COMPARED WITH PREVIOUS YEAR'S PERIOD (H1 2018: EUR 4.6 BILLION).H1 EARNINGS BEFORE TAXES ACHIEVED A PRESENTABLE EUR 145.3 MILLION (H1 2018: EUR 198.6 MILLION).H1 AFTER-TAX RESULT STOOD AT EUR 96.4 MILLION (H1 2018: EUR 135.4 MILLION).

Salzgitter Update On CO2 Allowances

June 14 (Reuters) - Salzgitter AG <SZGG.DE>::DGAP-ADHOC: SALZGITTER AG: MEDIUM-TERM SHORTFALL IN CO2 ALLOWANCES HAS BEEN COMPENSATED FOR THE MOST PART AT THE SUBSIDIARIES OF THE SALZGITTER GROUP; CURRENT MARKET VALUE OF ALLOWANCES PURCHASED EXCEEDS FIGURE ACCOUNTED FOR IN THE BALANCE SHEET BY AROUND EUR 300 M.CURRENT MARKET VALUE OF ALLOWANCES PURCHASED EXCEEDS FIGURE ACCOUNTED FOR IN BALANCE SHEET BY AROUND EUR 300 M.MARKET VALUE OF ALL CO2 ALLOWANCES ACQUIRED AS A PRECAUTIONARY MEASURE EXCEEDS FIGURE ACCOUNTED FOR IN BALANCE SHEET AS OF TODAY'S DATE BY AROUND EUR 300 MILLION.THEY THEREFORE CONSTITUTE AN ASSET THAT CANNOT BE DERIVED FROM BALANCE SHEET.ACTUAL AMOUNT OF SHORTFALL OF FREE ALLOCATION CAN ONLY BE DETERMINED ONCE ALLOCATION PROCEDURE IS COMPLETE.

Salzgitter: Subsidiary Kloeckner-Werke Places Bonded Loan

May 22 (Reuters) - SALZGITTER AG <SZGG.DE>::SUBSIDIARY KLOECKNER-WERKE GMBH PLACES A BONDED LOAN.VOLUME OF MORE THAN EUR 350 MILLION WITH TERMS OF THREE, FIVE, SEVEN AND TEN YEARS.PROCEEDS TO BE USED FOR GENERAL CORPORATE FINANCING AND FOR REFINANCING EXISTING GROUP DEBT.VOLUME ORIGINALLY TARGETED AMOUNTING TO EUR 200 MILLION WAS CONSIDERABLY EXCEEDED.

Salzgitter Q1 Pretax Profit Up At EUR 125.9 Mln

April 29 (Reuters) - Salzgitter AG <SZGG.DE>::DGAP-ADHOC: SALZGITTER GROUP OFF TO SUCCESSFUL START TO THE YEAR.PROFIT BEFORE TAXES OF EUR 125.9 MILLION (Q1 2018: EUR 95.9 MILLION) IN Q1 OF 2019.FOLLOWING STRONG Q1, WE AFFIRM OUR EARNINGS FORECAST FOR PROFIT BEFORE TAXES OF BETWEEN EUR 125 MILLION AND EUR 175 MILLION.WE ARE CURRENTLY ANTICIPATING A RESULT MORE IN UPPER END OF RANGE.WITH REFERENCE TO UNSTABLE ECONOMIC SITUATION, NOT ONLY IN EU, AND ASSOCIATED IMPAIRED FORECASTING RELIABILITY , WE CONSIDER REVISING FORECAST TO BE PREMATURE AT PRESENT.

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

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