Salzgitter AG

SZG

Equity

ISIN DE0006202005 / Valor 348595

Xetra (2024-12-23)

EUR 15.64-1.01%

Salzgitter AG
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About company

Salzgitter AG is a steel trading company and project management provider based in Singapore, with subsidiaries such as Salzgitter Mannesmann International GmbH and Ilsenburger Grobblech GmbH. The company is focused on reducing CO2 emissions in steel production through initiatives like SALCOS® (Salzgitter Low CO2 Steelmaking). Salzgitter AG collaborates closely with customers and partners to achieve its climate goals and is actively working towards reducing its environmental impact in the steel industry.

Summarized from source with an LLMView SourceSector: Energy

EBITDA and Pre-Tax Profit

In the first half of 2024, Salzgitter AG recorded earnings before interest, taxes, depreciation, and amortization (EBITDA) of €233.6 million and a pre-tax profit of €11.5 million. The Technology Business Unit's strong performance and the contribution from the investment in Aurubis AG significantly boosted the consolidated result.

External Sales Decline

Salzgitter AG's external sales dropped to €5.24 billion in the first half of 2024, compared to €5.84 billion in the same period of 2023. This decline was primarily due to the downward trend in the prices of most rolled steel products.

Equity Ratio

Despite the challenging economic environment, Salzgitter AG maintained a very sound equity ratio of 45.6% in the first half of 2024, slightly up from 44.8% in the first half of 2023. This indicates the company's strong financial stability.

Business Unit Performance

The Technology Business Unit of Salzgitter AG is heading for a record result in 2024, contributing significantly to the overall performance. However, the steel-related business units faced significant burdens due to the lack of economic rebound in Europe, particularly in Germany.

Outlook for 2024

Salzgitter AG anticipates sales of €10.0 billion, EBITDA between €400 million and €500 million, and a pre-tax result at breakeven for the financial year 2024. The company also expects a tangibly lower return on capital employed compared to the previous year.

Summarized from source with an LLMView Source

Key figures

-45.7%1Y

-49.5%3Y

-21.8%5Y

Performance

49.7%1Y

49.4%3Y

52.4%5Y

Volatility