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Salzgitter Aktiengesellschaft: After an encouraging start to the year, the Salzgitter Group raises its earnings forecast for the financial year 2021

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Salzgitter Aktiengesellschaft / Key word(s): Change in Forecast/Quarter Results
Salzgitter Aktiengesellschaft: After an encouraging start to the year, the Salzgitter Group raises its earnings forecast for the financial year 2021

23-Apr-2021 / 14:43 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

According to the still preliminary figures now available, the Salzgitter Group generated a pre-tax profit of € 117.3 million in the first quarter of the financial year 2021, thereby exceeding current market expectations. This performance was especially attributable to the gratifying results of the Strip Steel and Trading business units, as well as a contribution of
€ 42.5 million (Q1 2020: € -18.7 million) from Aurubis AG, a participating investment included at equity (IFRS accounting). Almost all segments reported a steady increase in their monthly results over the course of the quarter. The Salzgitter Group's external sales came in at € 2.1 billion, thereby remaining stable compared with the first quarter of 2020 (€ 2.1 billion).

In view of the good start to the year and the dynamic increase in rolled steel prices, nevertheless with explicit reference to the still imminent, virtually unquantifiable risk of the coronavirus pandemic, we now anticipate the following for the Salzgitter Group in the financial year 2021:

- a pre-tax profit of between € 300 million and € 400 million (previously: between € 150 million and € 200 million).

Further details on the financial statements for the first quarter will be published on May 12, 2021, as scheduled.


Contact:
Markus Heidler
Head of Investor Relations Salzgitter AG
Telephone: +49 (0)5341 21-1852
email: heidler.m@salzgitter-ag.de
Internet: www.salzgitter-ag.com




Contact:
Markus Heidler

Head of Investor Relations

Salzgitter AG
Eisenhüttenstraße 99
38239 Salzgitter

Phone +49 5341 21-6105
Fax +49 5341 21-2570
E-Mail ir@salzgitter-ag.de

23-Apr-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Salzgitter Aktiengesellschaft

Eisenhüttenstraße 99

38239 Salzgitter

Germany

Phone:

+49 5341 21-01

Fax:

+49 5341 21-2727

E-mail:

info@salzgitter-ag.de

Internet:

www.salzgitter-ag.de

ISIN:

DE0006202005

WKN:

620200

Indices:

SDAX

Listed:

Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1188006


 

End of Announcement

DGAP News Service

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