EQS-News

Salzgitter Aktiengesellschaft: Salzgitter Group delivers €1.2 billion in earnings before taxes in the exceptional year of 2022

EQS-News: Salzgitter Aktiengesellschaft / Key word(s): Annual Results Salzgitter Aktiengesellschaft: Salzgitter Group delivers €1.2 billion in earnings before taxes in the exceptional year of 2022 27.03.2023 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement.

• Dividend proposal for the Annual General Meeting of Shareholders of € 1 per share, reflecting a dividend yield of 3.5 %
• New “Salzgitter AG 2030” Group strategy in implementation
• Guidance for the financial year 2023:
• sales in the region of € 13 billion,
• earnings before interest, taxes, depreciation and amortization (EBITDA) of between € 750 million and € 850 million,
• earnings before taxes (EBT) of between € 300 million and € 400 million

In the financial year 2022, a year indelibly marked by massive geopolitical turbulence, the Salzgitter Group delivered a new sales record and the second best operating result in the company’s history. Factors determining this success included the outstanding results of the Steel Production and Trading business units. The Steel Processing and Technology business units also made gratifying contributions, however, as did our participating investment in Aurubis AG.  Whereas, in the first six months of the year, the rapid increase in steel prices definitively bolstered this trend, the second half of the year presented a market environment impacted by high inflation, energy prices at record levels and the associated huge uncertainty of market participants, accompanied by declining steel prices. Some product segments saw prices even drop below pre-war levels at year-end. The first quarter of 2023 has been characterized by upbeat demand. Assuming no further escalation in political and economic circumstances, this warrants confidence in looking toward the full year 2023. In view of these prospects and the outstanding results achieved in the financial year 2022, the Executive Board and the Supervisory Board will put forward a proposal to the Annual General Meeting of shareholders on 25 May to pay dividend of € 1.00 per share. Measured against Salzgitter share’s closing price, the payout corresponds to a dividend yield of 3.5 %.