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Salzgitter Aktiengesellschaft: Salzgitter Group maintains its strong performance in the financial year and confirms guidance

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Salzgitter Aktiengesellschaft / Key word(s): Quarter Results
Salzgitter Aktiengesellschaft: Salzgitter Group maintains its strong performance in the financial year and confirms guidance

28-Oct-2021 / 17:59 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 preliminary figures now available, the Salzgitter Group generated a pre-tax profit of € 604.5 million in the first nine months of the financial year 2021 (9M 2020: € -224.4 million), thereby outperforming current market expectations. All segments lifted their results in comparison with the previous quarter. The main drivers were once again the Strip Steel and Trading business units. The at-equity contribution (IFRS accounting) from the participating investment in Aurubis AG came in at € 133.5 million (9M 2020: € 53.4 million). The Salzgitter Group's external sales rose to € 7.0 billion (9M 2020: € 5.3 billion).

Supply chain disruptions and their repercussions have also been impacting some of our Group companies since the end of the summer quarter. We nevertheless reaffirm our guidance and continue to anticipate the following for the Salzgitter Group in the financial year 2021:

- an increase in sales to more than € 9 billion,

- a pre-tax profit of between € 600 million and € 700 million and

- a return on capital employed (ROCE) that is tangibly above the previous year's figure.

Further details on the financial statements for the first nine months of the financial year 2021 will be published on November 12, 2021, as scheduled. We make reference to the fact that criteria of the annual financial statements as well as imponderables, including changes in the cost of raw materials, precious metal prices and exchange rates, may still have a considerable impact on the end of the financial year 2021.

 

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

28-Oct-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:

1244571


 

End of Announcement

DGAP News Service

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