<

SALZGITTER AG (FRA:SZG) EQS-Adhoc: SALZGITTER AG: Salzgitter Group with new earnings guidance for the 2023 financial year

Transparency directive : regulatory news

19/09/2023 14:39

EQS-Ad-hoc: Salzgitter Aktiengesellschaft / Key word(s): Forecast
SALZGITTER AG: Salzgitter Group with new earnings guidance for the 2023 financial year

19-Sep-2023 / 14:39 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


On the basis of the total number of shares in issue, Salzgitter AG holds a 29.99% interest in Aurubis AG. As this interest is included at equity, the earnings trend of this participation has a direct bearing on the Salzgitter Group’s expected result for the year and forms a fixed part of the Group’s results planning. After Aurubis AG announced on August 31, 2023 that it was unable to maintain its former guidance range for the current 2022/23 financial year, and did not issue any revised definitive guidance, the Executive Board of Salzgitter AG also suspended its own results guidance for the 2023 financial year. Against the background of the updated earnings expectation of Aurubis AG for the 2022/23 financial year and the current development of the business, we are now expecting the following results for the Salzgitter Group:

  • EBITDA between € 650 million and € 700 million (previously: between € 750 million and € 850 million) as well as
  • a pre-tax profit between € 200 million and € 250 million (previously: between € 300 million and € 400 million).  

Details of the financial statements for the first nine months will be released on November 13, 2023.


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 ir@salzgitter-ag.de


End of Inside Information

19-Sep-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Salzgitter Aktiengesellschaft
Eisenhüttenstraße 99
38239 Salzgitter
Germany
Phone: +49 5341 21-01
Fax: +49 5341 21-2727
E-mail: info@salzgitter-ag.de
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: 1729665

 
End of Announcement EQS News Service

1729665  19-Sep-2023 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1729665&application_name=news&site_id=symex


Other stories

18/05/2024 15:26
18/05/2024 19:35
18/05/2024 14:47
18/05/2024 12:05
18/05/2024 21:33
18/05/2024 20:44
18/05/2024 18:50
18/05/2024 21:44
18/05/2024 21:50
18/05/2024 20:16
18/05/2024 13:45
18/05/2024 15:07
18/05/2024 17:08
18/05/2024 17:00
18/05/2024 18:43
18/05/2024 12:18
17/05/2024 17:26
17/05/2024 20:25
18/05/2024 12:41
17/05/2024 19:13
18/05/2024 14:00
17/05/2024 20:08
18/05/2024 20:00
18/05/2024 21:00
18/05/2024 16:04
18/05/2024 10:01
16/05/2024 21:19
18/05/2024 20:34
18/05/2024 20:16
18/05/2024 19:26
17/05/2024 07:36
17/05/2024 15:34
18/05/2024 16:00
18/05/2024 19:33
18/05/2024 20:16
18/05/2024 11:17
18/05/2024 15:52
17/05/2024 18:09