Loss: Salzgitter continues to suffer significantly from the effects of the pandemic – shares are still up | message

The SDAX-listed company has specified its outlook for the year as a whole. On Tuesday, based on preliminary figures, Salzgitter reported a pre-tax loss of 224.4 million euros for the first nine months after a pre-tax profit of 40.7 million euros in the previous year. The result includes a contribution of 53.4 (previous year: 78.1) million euros from the investment in Aurubis AG reported using the equity method. Due to volume and revenue, the alluvial sales fell to 5.3 billion from 6.6 billion euros previously.

Salzgitter assumes that the worst should have been passed in the second and third quarters. However, recent events would show that the course of the pandemic at home and abroad is likely to remain fraught with high levels of uncertainty. Excluding any special effects, Salzgitter expects a pre-tax loss in 2020 in the approximate range of the previous year of 253.3 million euros. In the summer of the announcement of the half-year figures, when Salzgitter reported a pre-tax loss of 127.8 million euros, the group announced that it was expecting a negative pre-tax result in the low to mid three-digit million range for 2020.

As planned, the Group plans to publish details of the end of the first nine months of 2020 on November 13, 2020.

Via XETRA, the Salzgitter share is currently increasing by 1.15 percent to EUR 12.77.

FRANKFURT (Dow Jones)

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