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MarketScreener Homepage  >  Equities  >  Xetra  >  Salzgitter AG    SZG   DE0006202005

SALZGITTER AG

(SZG)
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Salzgitter : Ad-hoc release dated 19.09.2018

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09/19/2018 | 10:13am EDT

Salzgitter, September 19, 2018

Salzgitter AG

Investor Relations

38223 Salzgitter

Germany

Tel.: +49 (0)5341-21-1852

Telefax: +49 (0)5341-21-2570

ir@salzgitter-ag.de

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.

Contact:

Markus Heidler

Head of Investor Relations Salzgitter AG Telephone: +49 (0)5341 / 21 -1852 e-mail:heidler.m@salzgitter-ag.dewww.salzgitter-ag.com

1

Disclaimer

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

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