Salzgitter Group Reports Strong Start to 2026 Despite Challenges

The Salzgitter Group began 2026 on a positive note, showcasing strong financial results despite geopolitical uncertainties. A significant increase in earnings was achieved, fueled by high contributions from its stake in Aurubis. The company reported an EBITDA VX of €280 million and EBT VX of €179 million in the first quarter. However, steel-related activities faced challenges due to unfavorable economic conditions and geopolitical tensions.

The company's P28 profit improvement program proved beneficial, achieving €43 million in cost savings. Salzgitter's net financial position improved to €-679 million by March 31, 2026, significantly aided by €253 million in public funding. External sales remained stable at €2.3 billion, comparable to the same period in 2025.

Looking ahead, the outlook remains cautious due to ongoing uncertainties, but positive signals are expected from EU trade measures. The Group projects a moderate economic improvement with an expected annual sales target of €9.5 billion, EBITDA VX between €625 million and €725 million, and EBT VX between €200 million and €300 million.