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MarketScreener Homepage  >  Equities  >  Xetra  >  Salzgitter AG    SZG   DE0006202005

SALZGITTER AG

(SZG)
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Salzgitter : German economy minister says EU will support steelworkers

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09/21/2020 | 03:49am EDT

German Economy Minister Peter Altmaier said the European Union would support steelworkers through the transition to environmentally-friendly manufacturing, even though this would be more costly at a time of global overcapacity.

Speaking before a meeting of EU trade ministers in Berlin on Monday, he said that steelmaking, alongside the chemicals and raw materials industries were among the bloc's core competencies and needed to be preserved.

European producers have long worried that overseas production, especially in China, will render them uncompetitive. The European Commission has floated the idea of a tax on imports that are produced in an environmentally harmful manner.

"We don't want to abandon Europe's steelworkers, and we will not," Altmaier said on Monday.

(Reporting by Andreas Rinke; writing by Thomas Escritt; editing by Thomas Seythal)


Stocks mentioned in the article
ChangeLast1st jan.
SALZGITTER AG -1.48% 14.31 Delayed Quote.-26.49%
THYSSENKRUPP AG 1.14% 4.532 Delayed Quote.-62.78%
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Financials
Sales 2020 7 250 M 8 570 M 8 570 M
Net income 2020 -218 M -257 M -257 M
Net Debt 2020 571 M 676 M 676 M
P/E ratio 2020 -3,60x
Yield 2020 0,28%
Capitalization 774 M 916 M 915 M
EV / Sales 2020 0,19x
EV / Sales 2021 0,18x
Nbr of Employees 24 400
Free-Float 58,4%
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Technical analysis trends SALZGITTER AG
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 14,50 €
Last Close Price 14,31 €
Spread / Highest target 131%
Spread / Average Target 1,33%
Spread / Lowest Target -51,1%
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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