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DGAP-Adhoc: Salzgitter Aktiengesellschaft: Salzgitter Group announces preliminary figures on the financial year 2020 as well as sales and profit forecast for the financial year 2021

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DGAP-Ad-hoc: Salzgitter Aktiengesellschaft / Key word(s): Annual Results/Forecast
Salzgitter Aktiengesellschaft: Salzgitter Group announces preliminary figures on the financial year 2020 as well as
sales and profit forecast for the financial year 2021
21-Jan-2021 / 19:23 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
According to the still preliminary figures now available, the Salzgitter Group closed the financial year 2020 with a
pre-tax result of EUR -200 million (FY 2019: EUR -253.3 million). Due to the rigorous crisis management, the uptrend in
business development in the fourth quarter, particularly in the Strip Steel, Trading and Technology business units, and
the very gratifying contribution from the participating investment in Aurubis AG accounted for using the (IFRS
accounting) equity method (EUR 101.6 million; FY 2019: EUR 99.5 million, including EUR 27.8 million in income from an
accounting adjustment in connection with the share purchase), the pre-tax result exceeds the previous year's figure as
well as the last forecast.
In view of the generally more upbeat sentiment, the recent sharp increase in rolled steel prices - and with specific
reference to the still imminent, virtually unquantifyble risk presented by the Corona pandemic - we assume the
following for the Salzgitter Group in the financial year 2021:
- an increase in sales to more than EUR 8.5 billion compared with the previous year (FY 2020: EUR 7 billion) and
- a pre-tax profit (EBT) of between EUR 150 million and EUR 200 million.
The 2020 annual accounts for the Group are currently being prepared. Consequently, the figures cited here are
provisional. The annual report on the year 2020 will be published on March 15, 2021, as scheduled.
Contact:
Markus Heidler
Head of Investor Relations
Salzgitter AG
Eisenhüttenstraße 99
38239 Salzgitter
Phone +49 5341 21-6105
Fax +49 5341 21-2570
E-Mail ir@salzgitter-ag.de
21-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and
Press Releases.
Archive at www.dgap.de
Language: English
Company: Salzgitter Aktiengesellschaft
Eisenhüttenstraße 99
38239 Salzgitter
Germany
Phone: +49 5341 21-01
Fax: +49 5341 21-2727
E-mail: info@salzgitter-ag.de
Internet: www.salzgitter-ag.de
ISIN: DE0006202005
WKN: 620200
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin,
Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1162439

End of Announcement DGAP News Service

1162439 21-Jan-2021 CET/CEST

END) Dow Jones Newswires

January 21, 2021 13:24 ET ( 18:24 GMT)
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