Salzgitter Aktiengesellschaft / DE0006202005

Salzgitter Aktiengesellschaft: Salzgitter Group adjusts its guidance for sales and earnings for the financial year 2024

EQS-Ad-hoc: Salzgitter Aktiengesellschaft / Key word(s): Change in Forecast


30-Jul-2024 / 12:04 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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Germany’s economic recovery is still slow to materialize. Infrastructure projects long planned are being delayed, a situation compounded by persistently very high energy costs for procurement and grid usage, along with relatively high imports. Uncertainty currently prevails about a trend reversal after the summer. Against the backdrop of these framework conditions and based on the half-year results and an updated outlook from the subsidiaries, the Executive Board deemed it necessary in its meeting today to adjust guidance for sales and earnings for the financial year 2024. We now anticipate the following for the Salzgitter Group: sales of € 10 billion (previously: around € 10.5 billion), an EBITDA of between € 400 million and € 500 million (previously: between € 550 million and € 625 million), a pre-tax result at breakeven (previously: between € 100 million and € 175 million), and a return on capital employed that is discernibly lower year on year (ROCE; previously: marginally below the year-earlier level). Eventual one-off effects with an impact on earnings incurred by structural events through to the end of the year have not been taken into consideration.   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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30-Jul-2024 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:	1957135

End of Announcement	EQS News Service

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1957135  30-Jul-2024 CET/CEST