SALZGITTER AG (FRA:SZG) EQS-Adhoc: Salzgitter Aktiengesellschaft: Preliminary nine-month result exceeds capital market expectations; slight downward revision of FY 2023 sales forecast
Transparency directive : regulatory news
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EQS-Ad-hoc: Salzgitter Aktiengesellschaft / Key word(s): Preliminary Results According to the still preliminary figures now available, the Salzgitter Group generated EBITDA of € 576 million in the first nine months of the financial year 2023 (9M 2022: € 1,397 million) and a pre-tax profit of € 254 million (9M 2022: € 1,145 million). The result includes a contribution of € 20 million (9M 2022: € 116 million) from Aurubis AG, an investment included at equity (IFRS accounting). The result of the first nine months of 2023 therefore exceeds current capital market expectations. The Salzgitter Group’s external sales came in at € 8.4 billion (9M 2022: € 9.8 billion). Against the backdrop of the sustained weak development of the German economy and the extremely volatile political and economic environment we now anticipate the following for the Salzgitter Group in the financial year 2023:
and confirm our most recent earnings guidance of
We make reference to the fact that criteria of the annual financial statements and imponderables, including changes in the cost of raw materials, precious metal prices and exchange rates, may still have a considerable impact on the end of the financial year. Further details on the financial statements for first the nine months of the financial year 2023 will be published on November 13, 2023, 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 ir@salzgitter-ag.de End of Inside Information
01-Nov-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Salzgitter Aktiengesellschaft |
| Eisenhüttenstraße 99 | |
| 38239 Salzgitter | |
| Germany | |
| Phone: | +49 5341 21-01 |
| Fax: | +49 5341 21-2727 |
| E-mail: | info@salzgitter-ag.de |
| 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: | 1762847 |
| End of Announcement | EQS News Service |
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1762847 01-Nov-2023 CET/CEST