26.04.2018
Salzgitter AG DE0006202005
DGAP-Adhoc: Salzgitter Group revises its 2018 forecast upward following strong start to the year
DGAP-Ad-hoc: Salzgitter AG / Key word(s): Change in Forecast/Quarter Results
Salzgitter Group revises its 2018 forecast upward following strong start to
the year
26-Apr-2018 / 19:40 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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According to the still preliminary figures now available, the Salzgitter
Group generated a pre-tax profit of EUR 95.9 million in the first quarter of
2018, thereby exceeding current market expectations. Along with the
gratifying result of the Strip Steel segment, all other business units
contributed to this performance, also thanks to the rigorously implemented
programs within the Group.
The result includes EUR 7.5 million in after-tax profit from Aurubis AG, an
investment included at equity (Q1 2017: EUR 33.6 million). The external
sales of the Salzgitter Group came in at EUR 2.3 billion, thus remaining
virtually stable compared with the first quarter of 2017 (EUR 2.4 billion).
Given the good start to the year, the generally positive business outlook,
as well as the planned further effects of the programs of measures and to
promote growth, Salzgitter AG is lifting its earnings forecast for the
financial year 2018. We now anticipate:
- a pre-tax profit of between EUR 250 million and EUR 300 million
(previously: between EUR 200 million and EUR 250 million; previous year: EUR
238 million).
We make explicit reference to the fact that imponderables, including changes
in the cost of raw materials, precious metal prices and exchange rates,
along with global trade policy measures, may have a considerable impact over
the course of the financial year 2018.
Further details on the financial statements for the first quarter of 2018
will be published on May 15, 2018, as scheduled.
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]
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26-Apr-2018 CET/CEST 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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680029 26-Apr-2018 CET/CEST
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