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MarketScreener Homepage  >  Equities  >  Xetra  >  Salzgitter AG    SZG   DE0006202005

SALZGITTER AG

(SZG)
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Salzgitter : expands product range to include green strip steel

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08/18/2020 | 04:08am EDT

Before the end of this year 2020, Salzgitter AG will be able to offer its customers a range of green strip steel products in specified grades and dimensions. The company is moving promptly to take account of the vibrant interest being expressed in these materials. These products will feature a CO2 footprint less than a quarter that of previous steels. In order to enable production, one of the two continuous casting lines at the Peine steelworks will be fitted out to cast slabs.
As Executive Board Chairman Professor Heinz Jörg Fuhrmann commented: 'For self-evident technological reasons, high-quality strip steel products fall within the domain of integrated steelworks. Our pioneering SALCOS project is aiming to move step by step towards low-CO2 hydrogen-based metallurgy. In a few months' time, we will be marking another milestone on this journey with the arrival of the first green strip steel. For a large number of our customers, it is important to take delivery of a real, physical reduced-CO2 product, rather than being satisfied with more or less theoretical projections of receiving products with reduced CO2 footprints. We are delighted to be able to meet these demands within a short period of time.'

Disclaimer

Salzgitter AG published this content on 18 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2020 08:07:15 UTC


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Financials
Sales 2020 7 250 M 8 571 M 8 571 M
Net income 2020 -218 M -257 M -257 M
Net Debt 2020 571 M 676 M 676 M
P/E ratio 2020 -3,65x
Yield 2020 0,28%
Capitalization 786 M 932 M 929 M
EV / Sales 2020 0,19x
EV / Sales 2021 0,18x
Nbr of Employees 24 400
Free-Float 58,4%
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Mean consensus HOLD
Number of Analysts 14
Average target price 14,50 €
Last Close Price 14,53 €
Spread / Highest target 127%
Spread / Average Target -0,17%
Spread / Lowest Target -51,8%
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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