Salzgitter Preliminary Figures for 2020 Financial Year
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Salzgitter Preliminary Figures for 2020 Financial Year

German Salzgitter Group closed the 2020 financial year according to the preliminary figures that are now available with earnings before taxes of EUR

German Salzgitter Group closed the 2020 financial year according to the preliminary figures that are now available with earnings before taxes of EUR minus 200 million as compared to EUR minus 253.3 million in 2019. The consistent crisis management, the upward business development in the fourth quarter, especially in the areas of flat steel, trading and technology, as well as the very positive contribution of the investment in Aurubis the pre-tax result exceeds both that of the previous year and the last forecast.

In view of the overall brightening sentiment, the recent sharp rise in rolled steel prices and the explicit reference to the still immanent, hardly quantifiable risk of the corona pandemic, Salzgitter Group expects YoY increase in sales to more than EUR 8.5 billion in the 2021 financial year as compared to EUR 7 million in FY 2020 and between EUR 150 million and EUR 200 million before tax profit in the 2021 financial year:

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