Yahoo Finance Salzgitter Third Quarter 2022 Earnings: Beats Expectations
Salzgitter (ETR:SZG) Third Quarter 2022 Results
Key Financial Results
Revenue: €3.13b (up 22% from 3Q 2021).
Net income: €163.1m (down 31% from 3Q 2021).
Profit margin: 5.2% (down from 9.2% in 3Q 2021). The decrease in margin was driven by higher expenses.
EPS: €3.01 (down from €4.35 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Salzgitter Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 52%.
Looking ahead, revenue is expected to fall by 17% p.a. on average during the next 3 years compared to a 3.3% decline forecast for the Metals and Mining industry in Europe.
Performance of the market in Germany.
The company's shares are up 10% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 4 warning signs for Salzgitter (2 shouldn't be ignored) you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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