04.12.2020 Salzgitter Aktiengesellschaft  DE0006202005

DGAP-News: Salzgitter Aktiengesellschaft: Another milestone on the course to low CO2 steel production - Federal Minister Svenja Schulze hands over funding approval


DGAP-News: Salzgitter Aktiengesellschaft / Key word(s): Sustainability
Salzgitter Aktiengesellschaft: Another milestone on the course to low CO2 steel production - Federal Minister Svenja Schulze hands over funding approval

04.12.2020 / 12:27
The issuer is solely responsible for the content of this announcement.

Federal Environment Minister Svenja Schulze today handed over the funding approval for the construction of the first direct reduced iron (DRI) plant to be operated flexibly by hydrogen and natural gas. Stephan Weil, Minister President of Lower Saxony, and Frank Klingebiel, Lord Mayor of the City of Salzgitter, also participated in this important event.

As Prof. Dr.-Ing. Heinz Jörg Fuhrmann, Chief Executive Officer of Salzgitter AG stated: "The construction of the first DRI plant flexibly fueled by natural gas and hydrogen enables the Salzgitter Group to consolidate its role as a pioneer in the decarbonization of the steel industry. Operating this smaller installation will allow us to gain the necessary know-how to be able to run production with plants built to industrial scale within a few years. Our industry will be able to play an outstanding role in achieving the defined climate targets if policymakers step up the pace in implementing the regulatory and economic policy framework for facilitating the transformation process. In this context, our SALCOS (Salzgitter Low CO2 Steelmaking) technology concept is the best offering across all industries and sectors in terms of the balance between investment and specific power consumption geared to realizing CO2 savings."

Salzgitter Group has created the basis in SALCOS for the virtually CO2 free production of steel by joining forces with its partners from business and research. The key components consist of power generated from renewable sources and harnessed for the production of green hydrogen through electrolysis. In direct reduction plants, this replaces the carbon currently used in the conventional blast furnace process for producing iron from iron ore. The Salzgitter Group has already installed several wind turbines and hydrogen electrolyzers.

The new direct reduction demonstrator plant is the next step toward realizing SALCOS. The full transformation from conventional to hydrogen-based steel production at Salzgitter AG is to be implemented in various stages by 2050. This will ultimately enable the CO2 generated in the production of steel to be reduced by up to 95%.

The contract for building the DRI plant is to be awarded in the near future; hydrogen production is scheduled to start in the first half of 2022. Initially, the directly reduced iron will be used in the blast furnace process to save on coal used for injection into the blast furnace and in the electric arc furnace of the Peine plant.
Green strip steel achieving a 25% lower CO2 footprint compared with products from conventional production was already being produced in November 2020 at the collaborating Peine and Salzgitter plants.

Bernhard Kleinermann
Press Spokesman
Salzgitter AG
Corporate Communication
Telephone + 49 (0)5341 21 2300
Fax: + 49 (0)5341 21 2302
email: [email protected]

04.12.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Salzgitter Aktiengesellschaft
Eisenhüttenstraße 99
38239 Salzgitter
Phone: +49 5341 21-01
Fax: +49 5341 21-2727
E-mail: [email protected]
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: 1152880

End of News DGAP News Service

1152880  04.12.2020 


Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 8.501,50 7.892,90 8.990,20 9.278,20 8.547,30 7.090,80 8.530,00
EBITDA1,2 431,00 476,00 707,20 797,20 354,20 176,00 0,00
EBITDA-Marge3 5,07 6,03 7,87 8,59 4,14 2,48 0,00
EBIT1,4 90,00 119,00 316,80 412,60 -187,50 -119,00 0,00
EBIT-Marge5 1,06 1,51 3,52 4,45 -2,19 -1,68 0,00
Jahresüberschuss1 -45,50 56,80 193,60 277,70 -237,30 -273,90 380,00
Netto-Marge6 -0,54 0,72 2,15 2,99 -2,78 -3,86 4,46
Cashflow1,7 447,40 290,20 273,70 527,80 250,70 18,30 0,00
Ergebnis je Aktie8 -0,89 0,99 3,35 5,06 -4,46 -5,13 6,00
Dividende8 0,25 0,30 0,45 0,55 0,00 0,00 0,55
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Ernst & Young

WKN Kurs in € Einschätzung Börsenwert in Mio. €
620200 29,540 1.775,27
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
10,19 14,52 0,70 -26,95
0,66 97,01 0,25 26,65
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
0,00 0,00 0,00 19.05.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
12.05.2021 11.08.2021 15.11.2021 15.03.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-2,12% 13,40% 36,13% 100,82%
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Stahl/Kupfer , 620200 , SZG , XETR:SZG