Salzgitter, September 19, 2018
Tel.: +49 (0)5341-21-1852
Telefax: +49 (0)5341-21-2570
Disclosure of insider information pursuant to Article 17 MAR SALZGITTER AG
Salzgitter Group raises its profit forecast
In view of the apparent course of business in the third quarter and in expectation of our key sales markets continuing to develop well, the Salzgitter Group has raised its profit forecast. The EU's trade defense measures against rising steel imports that have been rigorously implemented since mid-July are taking effect and limiting the redirection of trade flows as a consequence of US duties. From today's standpoint, the uncertainties pertaining to trade policies have therefore become less opaque, at least through to the end of the year.
With a slight year-on-year increase in sales to above the € 9 billion mark, we now anticipate:
a pre-tax profit of between € 300 million and € 350 million (previously: between € 250 million and € 300 million) and
a marginally higher return on capital employed of between 9% and 11% compared with the previous year (8.6%).
We make explicit reference to the fact that imponderables, including changes in the cost of raw materials, precious metal prices and exchange rates, along with global trade policy measures and their possible impact may still exert a considerable influence over the course of the financial year 2018.
Further details on the financial statements for first the nine months of 2018 will be published on November 14, 2018, as scheduled.
Head of Investor Relations Salzgitter AG Telephone: +49 (0)5341 / 21 -1852 e-mail:firstname.lastname@example.org
Salzgitter AG published this content on 19 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 19 September 2018 14:12:07 UTC