Salzgitter Aktiengesellschaft / DE0006202005

Salzgitter Aktiengesellschaft: Preliminary nine-month result exceeds capital market expectations; slight downward revision of FY 2023 sales forecast

EQS-Ad-hoc: Salzgitter Aktiengesellschaft / Key word(s): Preliminary Results


01-Nov-2023 / 15:52 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.

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According to the still preliminary figures now available, the Salzgitter Group generated EBITDA of € 576 million in the first nine months of the financial year 2023 (9M 2022: € 1,397 million) and a pre-tax profit of € 254 million (9M 2022: € 1,145 million). The result includes a contribution of € 20 million (9M 2022: € 116 million) from Aurubis AG, an investment included at equity (IFRS accounting). The result of the first nine months of 2023 therefore exceeds current capital market expectations. The Salzgitter Group’s external sales came in at € 8.4 billion (9M 2022: € 9.8 billion). Against the backdrop of the sustained weak development of the German economy and the extremely volatile political and economic environment we now anticipate the following for the Salzgitter Group in the financial year 2023: sales of around € 11 billion (previously: between € 11.5 billion and € 12.0 billion), and confirm our most recent earnings guidance of EBITDA of between € 650 million and € 700 million, a pre-tax profit of between € 200 million and € 250 million, and a return on capital employed (ROCE) notably below the previous year's level. We make reference to the fact that criteria of the annual financial statements and imponderables, including changes in the cost of raw materials, precious metal prices and exchange rates, may still have a considerable impact on the end of the financial year. Further details on the financial statements for first the nine months of the financial year 2023 will be published on November 13, 2023, as scheduled.   Contact:
Markus Heidler

Head of Investor Relations

Salzgitter AG
Eisenhüttenstraße 99
38239 Salzgitter

Phone [phone]
Fax [phone]
E-Mail [e-mail]

End of Inside Information

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

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Language:	English
Company:	Salzgitter Aktiengesellschaft
	Eisenhüttenstraße 99
	38239 Salzgitter
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
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:	1762847

End of Announcement	EQS News Service

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1762847  01-Nov-2023 CET/CEST