Salzgitter AG Hits Breakeven Pre-Tax Result in H1 2024

• Salzgitter AG achieved a pre-tax result at breakeven in the first half of 2024.
• The company recorded earnings before interest, taxes, depreciation, and amortization (EBITDA) of €233.6 million and a pre-tax profit of €11.5 million.
• External sales dropped to €5.24 billion due to declining prices of rolled steel products.
• The Technology Business Unit is heading for a record result in 2024, significantly contributing to the consolidated result.
• The sale of Mannesmann Stainless Tubes is expected to bring a cash inflow of €125 million in the second half of the year.
• Salzgitter AG aims to produce green steel from 2026, with the first stage of the SALCOS transformation program on schedule.

The next important date, Analyst event, at Salzgitter is on 12.08.2024.

The price of Salzgitter at the time of the news was 15,370EUR and was up +0,20 % compared with the previous day.
15 minutes after the article was published, the price was 15,380EUR this corresponds to a plus of +0,07 % since publication.
At this time, the index SDAX was at 13.627,84PKT (+0,45 %).

Salzgitter

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-8,59 %

+18,36 %

+46,91 %

-3,80 %

-46,58 %

+113,17 %

-13,64 %

-82,89 %

ISIN:DE0006202005WKN:620200

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