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Salzgitter AG - key data for the financial year 2014: 2014 earnings forecast achieved - consolidated result raised by almost EUR 500 million - Seite 2
follows: "The results of the financial year 2014 say more than many words.
The 'Salzgitter AG 2015' project is being rigorously implemented, and the
pre-tax loss in 2014 was less than a thirtieth of the 2013 result. We have
halted cash outflow from the Group. This undisputed success should not
detract from the fact that we still have our work cut out for us on the way
to achieving allround satisfactory financial performance."
When considering the year-on-year comparisons, it should be noted that the
key data of the financial year 2013 have been restated to take account of
the new Group organization structure and changes in the consolidation
methods applied to participating interests under IFRS 11.
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External sales by business unit (EUR million):
Earnings before taxes (EBT) by business unit (EUR million):
Guidance on the development of the macroeconomic situation is already
fundamentally subject to a great deal of uncertainty, particularly in the
current political and financial environment. The forward-looking statements
below on the individual business units assume the absence of a recessionary
development in Europe. Instead, we anticipate a relatively restrained
economic recovery in the current financial year, with markets remaining
fiercely contested
Based on planning by the individual business units, and taking account of
FY 2014 (FY 2013 restated)
Strip Steel 2,060.1 (2,017.6)
Plate / Section Steel 1,118.8 (1,088.4)
Energy 1,226.5 (1,308.9)
Trading 3,254.8 (3,574.6)
Technology 1,198.2 (1,118.2)
Industrial Participations / Consolidation 181.9 (202.1)
Group 9,040.2 (9,309.8)
Earnings before taxes (EBT) by business unit (EUR million):
FY 2014 (FY 2013 restated)
Strip Steel -8.8 (-85.0)
Plate / Section Steel -130.0 (-403.4)
Energy -40.6 (-51.6)
Trading 60.1 (31.4)
Technology 25.2 (12.7)
Industrial Participations / Consolidation 78.9 (13.2)
Group -15.2 (-482.8)
Guidance on the development of the macroeconomic situation is already
fundamentally subject to a great deal of uncertainty, particularly in the
current political and financial environment. The forward-looking statements
below on the individual business units assume the absence of a recessionary
development in Europe. Instead, we anticipate a relatively restrained
economic recovery in the current financial year, with markets remaining
fiercely contested
Based on planning by the individual business units, and taking account of
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