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Salzgitter Aktiengesellschaft: Salzgitter Group reports a pre-tax result of € -224.4 million in the first nine months of 2020; more specific guidance for the financial year

·2-min read

Salzgitter Aktiengesellschaft / Key word(s): 9 Month figures/Forecast
Salzgitter Aktiengesellschaft: Salzgitter Group reports a pre-tax result of € -224.4 million in the first nine months of 2020; more specific guidance for the financial year

03-Nov-2020 / 15:56 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.

The effects of the COVID-19 pandemic exerted a considerable impact on the performance of the Salzgitter Group in the period under review. According to the preliminary figures now available, the Salzgitter Group recorded a pre-tax loss of € 224.4 million (9M 2019: € +40.7 million). The result includes a contribution of € 53.4 million from Aurubis AG, an investment included at equity (IFRS-accounting; 9M 2019: € 78.1 million). External sales declined to € 5.3 billion due to volumes and selling prices (9M 2019: € 6.6 billion).

According to current assessments, the trough is likely to have bottomed out in the second and third quarter. The most recent events nevertheless show that the course of the pandemic in Germany and abroad, and therefore also the development of the overall economic situation, remain subject to great uncertainty. In light of the aforementioned, we anticipate a 2020 pre-tax result for Salzgitter Group roughly in the year-earlier range (€ -253.3 million) excluding potential special effects in the context of the annual accounts.

Further details on the financial statements for first the nine months of 2020 will be published on November 13, 2020, as scheduled.

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

03-Nov-2020 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:

1145122


 

End of Announcement

DGAP News Service

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