Salzgitter Aktiengesellschaft: Encouraging start to the year
DGAP-News: Salzgitter Aktiengesellschaft / Key word(s): Quarter Results
12.05.2021 / 07:30
- Pre-tax profit of € 117.3 million in the first quarter
- Steady increase in the monthly results across almost all segments
- Earnings forecast revised upward: profit before taxes of between € 300 million and € 400 million
- SALCOS
2 steel production
The Salzgitter Group generated earnings before taxes of € 117.3 million in the first quarter of the financial year 2021. Against the backdrop of a sustained recovery in the market and an uptrend in steel prices, this performance was especially attributable to the gratifying results of the Strip Steel and Trading business units, as well as a contribution of € 42.5 million from Aurubis AG, a participating investment included at equity (IFRS accounting) (Q1 2020: € -18.7 million). Almost all segments reported a steady increase in their monthly results over the course
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Salzgitter Q1 Pre-tax Profit Exceeds Market View; Lifts FY Pre-tax Profit Outlook
SALZGITTER (dpa-AFX) - Salzgitter Group (SZGPF.PK, SZGPY.PK) reported a preliminary pre-tax profit of 117.3 million euros in the first quarter of the financial year 2021, exceeding current market expectations. The performance was especially attributable to the gratifying results of the Strip Steel and Trading business units, as well as a contribution of 42.5 million euros from Aurubis AG, a participating investment included at equity.
Almost all segments reported a steady increase in their monthly results over the course of the quarter.
The Salzgitter Group s external sales were 2.1 billion euros, thereby remaining stable compared with last year s 2.1 billion euros.
DGAP-Adhoc : Salzgitter Aktiengesellschaft: Salzgitter Group announces preliminary figures on the financial year 2020 as well as sales and profit forecast for the financial year 2021 marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.