Salzgitter AG - Earnings Release 2021

News Details

Ad-hoc | 15 June 2021 15:21

Salzgitter Aktiengesellschaft: The Salzgitter Group raises its earnings forecast for the financial year 2021; positive business development further reinforced

Salzgitter Aktiengesellschaft / Key word(s): Change in Forecast

Salzgitter Aktiengesellschaft: The Salzgitter Group raises its earnings forecast for the financial year 2021; positive business development further reinforced

15-Jun-2021 / 15:21 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

After an encouraging start to the year, accompanied by a dynamic increase in rolled steel prices, the European steel market continued its uptrend in the months that followed. Given the better-than-recently-expected earnings situation, above all in the Trading Business Unit, we are raising our earnings forecast for the financial year 2021 once more – conditionally on the assumption of a stable market development in spite of the latent coronavirus crisis. We now anticipate a pre-tax profit of between € 400 million and € 600 million (previously: between € 300 million and € 400 million) for the Salzgitter Group.

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 [email protected]

15-Jun-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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Language:	English
Company:	Salzgitter Aktiengesellschaft
	Eisenhüttenstraße 99
	38239 Salzgitter
	Germany
Phone:	+49 5341 21-01
Fax:	+49 5341 21-2727
E-mail:	[email protected]
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:	1208232