Salzgitter AG - Earnings Release 2020

News Details

Ad-hoc | 21 January 2021 19:23

Salzgitter Aktiengesellschaft: Salzgitter Group announces preliminary figures on the financial year 2020 as well as sales and profit forecast for the financial year 2021

Salzgitter Aktiengesellschaft / Key word(s): Annual Results/Forecast

Salzgitter Aktiengesellschaft: Salzgitter Group announces preliminary figures on the financial year 2020 as well as sales and profit forecast for the financial year 2021

21-Jan-2021 / 19:23 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.

According to the still preliminary figures now available, the Salzgitter Group closed the financial year 2020 with a pre-tax result of € -200 million (FY 2019: € -253.3 million). Due to the rigorous crisis management, the uptrend in business development in the fourth quarter, particularly in the Strip Steel, Trading and Technology business units, and the very gratifying contribution from the participating investment in Aurubis AG accounted for using the (IFRS accounting) equity method (€ 101.6 million; FY 2019: € 99.5 million, including € 27.8 million in income from an accounting adjustment in connection with the share purchase), the pre-tax result exceeds the previous year’s figure as well as the last forecast.

In view of the generally more upbeat sentiment, the recent sharp increase in rolled steel prices – and with specific reference to the still imminent, virtually unquantifyble risk presented by the Corona pandemic – we assume the following for the Salzgitter Group in the financial year 2021:

– an increase in sales to more than € 8.5 billion compared with the previous year (FY 2020: € 7 billion) and

– a pre-tax profit (EBT) of between € 150 million and € 200 million.

The 2020 annual accounts for the Group are currently being prepared. Consequently, the figures cited here are provisional. The annual report on the year 2020 will be published on March 15, 2021, as scheduled.

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]

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

Archive at www.dgap.de


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:	1162439