Salzgitter AG Reports Mixed Q1 2024 Results: A Closer Look

• Salzgitter AG reported mixed results for Q1 2024, with EBITDA of €126.4 million and a pre-tax profit of €17.2 million.
• The company's Technology Business Unit performed well, while steel-related activities were negatively impacted by a weak German economy.
• Compared to the same period in 2023, the company's external sales dropped by 10.2% to €2.68 billion due to declining prices.
• EBITDA and earnings before taxes also declined compared to Q1 2023, with contributions from Aurubis AG, an equity investment, partially offsetting these declines.
• The company's after-tax result was €15.0 million, resulting in basic earnings per share of €0.24. The return on capital employed (ROCE) was 2.6%.
• For the remainder of 2024, Salzgitter AG anticipates sales of around €10.5 billion, an EBITDA of between €550 million and €625 million, a pre-tax profit of between €100 million and €175 million, and a slightly lower year-on-year ROCE.

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 22,420EUR and was up +0,18 % compared with the previous day.
24 minutes after the article was published, the price was 22,430EUR this corresponds to a plus of +0,04 % since publication.
At this time, the index SDAX was at 14.837,57PKT (+0,30 %).

Salzgitter

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-13,42 %

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-28,58 %

+63,52 %

ISIN:DE0006202005WKN:620200

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