on Salzgitter AG (isin : DE0006202005)
Salzgitter Group Delivers Break-Even in Pre-Tax Result for H1 2024
Salzgitter Aktiengesellschaft announced preliminary figures indicating external sales of €5.2 billion for the first half of 2024, a decline from €5.8 billion in the first half of 2023. EBITDA stood at €233.6 million, down from €429.3 million in the previous year. Pre-tax profit reached €11.5 million, a significant drop from €211.0 million in H1 2023.
The results benefited from a €70.6 million contribution from participating investment in Aurubis AG, accounted for using the IFRS equity method, compared to €–2.4 million last year. The group's Q2 results show external sales of €2.6 billion, EBITDA of €107.2 million, and a pre-tax loss of €–5.7 million.
Detailed financial statements for H1 2024 will be published on August 12, 2024.
R. E.
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