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MarketScreener Homepage  >  Equities  >  Xetra  >  Salzgitter AG    SZG   DE0006202005

SALZGITTER AG

(SZG)
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Salzgitter : sees pretax profit in upper end of guidance range

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04/29/2019 | 10:09am EDT
A worker of German steel manufacturer Salzgitter AG stands in front of a furnace at a plant in Salzgitter

BERLIN (Reuters) - Germany's second-largest steelmaker Salzgitter said on Monday it is expecting a 2019 pretax profit in the upper end of its 125 million to 175 million euros guidance (£107 million to £151 million), sending shares higher.

Despite the unstable economic situation, revising the forecast would be premature at present, the company said in a statement. "At the same time, we are currently anticipating a result more in the upper end of the range."

For the first quarter, Salzgitter reported a pretax profit of 125.9 million euros, up from 95.9 million a year ago.

Shares rose as much as 4.4 percent and were up 2 percent at 1358 GMT.

(Reporting by Thomas Seythal; editing by Tassilo Hummel)

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Financials (EUR)
Sales 2019 8 945 M
EBIT 2019 221 M
Net income 2019 124 M
Debt 2019 369 M
Yield 2019 3,06%
P/E ratio 2019 7,68x
P/E ratio 2020 7,25x
EV / Sales2019 0,14x
EV / Sales2020 0,13x
Capitalization 872 M
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Technical analysis trends SALZGITTER AG
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Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 15
Average target price 20,09  €
Last Close Price 16,13  €
Spread / Highest target 105%
Spread / Average Target 24,6%
Spread / Lowest Target -13,2%
EPS Revisions
Managers
NameTitle
Heinz Jörg Fuhrmann Chairman-Executive Board & Chief Executive Officer
Heinz-Gerhard Wente Chairman-Supervisory Board
Burkhard Becker Chief Financial Officer
Uwe Kruse Chief Information Officer
Hasan Cakir Member-Supervisory Board
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