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MarketScreener Homepage  >  Equities  >  Xetra  >  Salzgitter AG    SZG   DE0006202005

SALZGITTER AG

(SZG)
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Salzgitter : Ad-hoc release dated 17.10.2020

10/17/2020 | 07:30am EST

Salzgitter, October 17, 2020

Salzgitter AG

Investor Relations

38223 Salzgitter

Germany

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

Telefax: +49 (0)5341-21-2570ir@salzgitter-ag.de

Disclosure of insider information pursuant to Article 17 MAR

SALZGITTER AG

Chief Executive Officer Prof. Dr.-Ing. Heinz Jörg Fuhrmann to retire in 2021 as planned

The Supervisory Board has appointed Gunnar Groebler to assume the position of Chief Executive Officer as of July 1, 2021

Chief Executive Officer Prof. Dr.-Ing. Heinz Jörg Fuhrmann will have reached the age of 65 in 2021. He will therefore be retiring upon expiry of his employment contract on June 30, 2021, as planned.

The Supervisory Board today appointed Dipl.-Ing. Gunnar Groebler as his successor, effective July 1, 2021. Mr. Groebler is currently a member of the Executive Group Management of the Swedish energy supplier Vattenfall AB, where he is responsible for the Business Area Wind.

Heinz-Gerhard Wente, Chairman of the Supervisory Board, stated the following:

"Over the 25 years during which he will then have served on the Executive Board of our Group Prof. Fuhrmann has stood for solidity and innovation, along with social and economic respon- sibility. The strategy pursued in this context is to be continued. Especially for this reason, I am delighted that Mr. Groebler has been won as his successor. He holds a great deal of expertise and experience in important aspects of the key future topics decisive for Salzgitter AG."

Contact:Markus Heidler

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

1

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Disclaimer

Salzgitter AG published this content on 17 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 October 2020 11:29:00 UTC


© Publicnow 2020
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Sales 2020 7 166 M 8 573 M 8 573 M
Net income 2020 -234 M -280 M -280 M
Net Debt 2020 695 M 831 M 831 M
P/E ratio 2020 -4,08x
Yield 2020 0,32%
Capitalization 943 M 1 127 M 1 128 M
EV / Sales 2020 0,23x
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Nbr of Employees 24 298
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Technical analysis trends SALZGITTER AG
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
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Mean consensus HOLD
Number of Analysts 14
Average target price 15,39 €
Last Close Price 17,43 €
Spread / Highest target 89,3%
Spread / Average Target -11,7%
Spread / Lowest Target -48,4%
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NameTitle
Heinz Jörg Fuhrmann Chairman-Executive Board & Chief Executive Officer
Heinz-Gerhard Wente Chairman-Supervisory Board
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Hasan Cakir Member-Supervisory Board
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