Salzgitter AG Updates Financial Forecast for 2024 - What's Next for the Stock?

• Salzgitter AG has revised its guidance for the financial year 2024.
• The company generated external sales of €2.7 billion and EBITDA of €126 million in Q1 2024.
• There are indications that the German economy will not keep pace with the upswing in other industrial nations, impacting the performance of the company's steel-related businesses.
• The company now anticipates sales of around €10.5 billion, an EBITDA of between €550 million and €625 million, and a pre-tax profit of between €100 million and €175 million for 2024.
• The return on capital employed is expected to be slightly lower year on year.
• Further details on the financial statements for the first quarter will be published on May 13, 2024.

The next important date, Publication of Quarterly Report (Cut-off date Q1), at Salzgitter is on 13.05.2024.

The price of Salzgitter at the time of the news was 22,650EUR and was down -7,29 % compared with the previous day.
At this time, the index SDAX was at 14.682,41PKT (+1,00 %).

Salzgitter

+4,16 %

+6,40 %

+1,64 %

-6,42 %

-29,00 %

-14,49 %

-10,16 %

-27,83 %

+72,31 %

ISIN:DE0006202005WKN:620200

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