sur Salzgitter AG (ETR:SZG)
Salzgitter AG Reports Stronger-than-Expected EBITDA for 2024
Salzgitter AG announced preliminary financial figures for 2024. The group's EBITDA reached €445 million, surpassing expectations despite a decline in external sales to €10.0 billion from €10.8 billion in 2023. The company faced a pre-tax loss of €-296 million, contrasting with a pre-tax profit of €238 million the previous year. Key contributions included €184 million from Aurubis AG and substantial impairment expenses of €278 million.
The outlook for 2025 anticipates challenging economic conditions in Germany, with potential improvements influenced by new federal policies. Salzgitter projects sales between €9.5 billion and €10.0 billion and EBITDA ranging from €350 million to €550 million. The pre-tax result is expected to vary widely from a loss of €-100 million to a profit of €100 million, alongside an increase in return on capital employed.
R. E.
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