par Salzgitter AG (isin : DE0006202005)
EQS-Adhoc: Salzgitter Aktiengesellschaft: Salzgitter Group adjusts its guidance for sales and earnings for the financial year 2024
EQS-Ad-hoc: Salzgitter Aktiengesellschaft / Key word(s): Change in Forecast
Salzgitter Aktiengesellschaft: Salzgitter Group adjusts its guidance for sales and earnings for the financial year 2024
30-Jul-2024 / 12:04 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Germany’s economic recovery is still slow to materialize. Infrastructure projects long planned are being delayed, a situation compounded by persistently very high energy costs for procurement and grid usage, along with relatively high imports. Uncertainty currently prevails about a trend reversal after the summer. Against the backdrop of these framework conditions and based on the half-year results and an updated outlook from the subsidiaries, the Executive Board deemed it necessary in its meeting today to adjust guidance for sales and earnings for the financial year 2024. We now anticipate the following for the Salzgitter Group:
- sales of € 10 billion (previously: around € 10.5 billion),
- an EBITDA of between € 400 million and € 500 million (previously: between € 550 million and € 625 million),
- a pre-tax result at breakeven (previously: between € 100 million and € 175 million), and
- a return on capital employed that is discernibly lower year on year (ROCE; previously: marginally below the year-earlier level).
Eventual one-off effects with an impact on earnings incurred by structural events through to the end of the year have not been taken into consideration.
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
End of Inside Information
30-Jul-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| 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: | 1957135 |
| End of Announcement | EQS News Service |
1957135 30-Jul-2024 CET/CEST