from Salzgitter AG (isin : DE0006202005)
EQS-Adhoc: Salzgitter Aktiengesellschaft: Salzgitter AG off to a promising start into the financial year 2023
EQS-Ad-hoc: Salzgitter Aktiengesellschaft / Key word(s): Quarter Results
Salzgitter Aktiengesellschaft: Salzgitter AG off to a promising start into the financial year 2023
24-Apr-2023 / 07:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
According to the still preliminary figures now available, the Salzgitter Group achieved earnings before interest, taxes, depreciation and amortization of € 290 million (Q1 2022: € 548 million) and € 183 million in profit before taxes (Q1 2022: € 465 million) in the first quarter of the financial year 2023, thereby exceeding current capital market expectations. The Steel Production, Steel Processing and Technology business units in particular recorded very gratifying earnings. The result includes a contribution of € 29 million from Aurubis AG (Q1 2022: € 62 million), an investment included at equity (IFRS accounting). Irrespective of the strong start into the year, we maintain our sales and earnings forecast from March 27, 2023, due to the volatile political and economic environment and continue to anticipate:
- sales in the region of € 13 billion (2022: € 12.6 billion),
- earnings before interest, taxes, depreciation and amortization (EBITDA) of between € 750 million and € 850 million,
- a pre-tax profit of between € 300 million and € 400 million, and
- a return on capital employed (ROCE) notably below the previous year's level.
Further details on the financial statements for the first quarter will be published on May 10, 2023, as scheduled.
Contact:
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
End of Inside Information
24-Apr-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| 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: | 1614443 |
| End of Announcement | EQS News Service |
1614443 24-Apr-2023 CET/CEST