03.11.2016
Salzgitter AG DE0006202005
DGAP-Adhoc: Salzgitter AG: Salzgitter Group continues positive earnings trend, delivering a pre-tax profit in the first nine months of 2016
Salzgitter AG / Key word(s): 9-month figures
03.11.2016 17:52
Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Salzgitter Group continues positive earnings trend, delivering a pre-tax
profit in the first nine months of 2016
The Salzgitter Group generated external sales of EUR 5.9 billion in the
first nine months of 2016 (first nine months of 2015: EUR 6.7 billion) and
a pre-tax profit of EUR 21.1 million (first nine months of 2015: EUR 15.6
million). The summer quarter that is customarily impacted by planned
maintenance and repair downtime and the seasonal decline in customer demand
developed somewhat more modestly, as expected. The Group's positive profit
trend has stabilized overall thanks to the profound success of the
restructuring projects implemented and the effects of the first EU anti-
dumping measures.
Earnings before taxes comprise an expected positive contribution of EUR
16.8 million by the Aurubis investment (first nine months of 2015: EUR
-12.8 million) that was EUR 9.3 million lower than on June 30, 2016 owing
to the valuation of an exchangeable bond.
For the full year, we continue to anticipate an increase in pre-tax profit
compared to 2015 to between EUR 30 and 60 million.
Due to the retrospective adjustment of inventories, the result of year-
earlier period was reduced by EUR 8.5 million. Further details on the
financial statements for the nine months of the financial year 2016 will be
published on November 10, 2016, as scheduled.
Information is released on the basis of the current Guidelines for Issuers
of the German Financial Supervisory Authority (BaFin).
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]
03.11.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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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, Tradegate Exchange
End of Announcement DGAP News-Service
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