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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 (€)
Sales 2019 9 214 M
EBIT 2019 268 M
Net income 2019 167 M
Finance 2019 6,50 M
Yield 2019 2,41%
P/E ratio 2019 7,47
P/E ratio 2020 7,24
EV / Sales 2019 0,15x
EV / Sales 2020 0,16x
Capitalization 1 398 M
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Mean consensus HOLD
Number of Analysts 18
Average target price 29,0 €
Spread / Average Target 25%
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NameTitle
Heinz Jörg Fuhrmann Chairman-Executive Board & Chief Executive Officer
Heinz-Gerhard Wente Chairman-Supervisory Board
Burkhard Becker Chief Financial Officer
Heike Niederau-Buck Chief Information Officer
Ulrich Dickert Member-Supervisory Board
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