05.11.2015
Salzgitter AG DE0006202005
DGAP-Adhoc: Salzgitter AG: Salzgitter Group posts a positive result in the first nine months of 2015; sharp decline in metal prices impacts earnings from shareholdings
Salzgitter AG / Key word(s): 9-month figures/Change in Forecast
05.11.2015 16:25
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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In the first nine months of the financial year 2015, the Salzgitter Group
generated external sales of EUR 6,691.7 million (9 months 2014: EUR 6,811.5
million) as well as pre-tax profit of EUR 24.0 million (9 months 2014: EUR
5.5 million). This result takes into account EUR 33.1 million in expenses
for structure-enhancing measures, as well as the roughly EUR -12.8 million
anticipated contribution from the Aurubis investment (9 months 2014: EUR
+42.4 million). The relining of a large blast furnace at Salzgitter
steelworks, which commenced at the end of August, is proceeding as planned,
and its accumulated negative impact on the result totals EUR 44 million.
External sales by business unit (EUR million):
9M 2015 (9M 2014) Strip Steel 1,505.6 (1,607.9) Plate / Section Steel 719.0 (845.1) Energy 811.7 (939.3) Trading 2,530.1 (2,404.8) Technology 978.1 (877.2) Industrial Participations 147.1 (137.2) Group 6,691.7 (6,811.5)Pre-tax result (EBT) by business unit (EUR million): 9M 2015 (9M 2014) Strip Steel -9.5 (-3.9) Plate / Section Steel -32.8 (-60.1) Energy 8.8 (-20.5) Trading 21.0 (16.1) Technology 16.1 (13.2) Industrial Participations / Consolidation 20.5 (60.8) Group 24.0 (5.5)Primarily as a result of the decline in metal prices and the resulting impact on the expected profit contribution of the Aurubis investment, the Salzgitter Group is returning to its original earnings forecast issued at the start of the year. This forecast anticipates pre-tax profit in the lower double-digit million range. Further details on the financial statements for the first nine months of the financial year 2015 will be published as planned on November 12, 2015. This publication is carried out pursuant to the provisions of the German Securities Trading Act on ad-hoc disclosure. Contact: Markus Heidler Head of Investor Relations Salzgitter AG Eisenhüttenstraße 99 38239 Salzgitter Phone +49 5341 21-6105 Fax +49 5341 21-2570 E-Mail [email protected] 05.11.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Salzgitter AG Eisenhüttenstraße 99 38239 Salzgitter Germany Phone: +49 5341 21-01 Fax: +49 5341 21-2727 E-mail: [email protected] Internet: www.salzgitter-ag.de ISIN: DE0006202005 WKN: 620200 Listed: Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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