Salzgitter Raises Earning Forecast for Financial Year 2021
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Salzgitter Raises Earning Forecast for Financial Year 2021

German steelmaker’s Salzgitter Group raises its earnings forecast for the financial year 2021; positive business development further reinforced. It said

German steelmaker’s Salzgitter Group raises its earnings forecast for the financial year 2021; positive business development further reinforced. It said “After an encouraging start to the year, accompanied by a dynamic increase in rolled steel prices, the European steel market continued its uptrend in the months that followed. Given the better-than-recently expected earnings situation, above all in the Trading Business Unit, we are raising our earnings forecast for the financial year 2021 once more, conditionally on the assumption of a stable market development in spite of the latent coronavirus crisis.”

It said “We now anticipate a pretax profit of between EUR 400 million and EUR 600 million (Previously: between EUR 300 million and EUR 400 million) for the Salzgitter Group.”

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