German Salzgitter Group recorded a profit before taxes of EUR 604.5 million in the first nine months of the 2021 financial year. The main driver for this was the dynamic rise in sales well into August, which primarily had an impact on the results of the Strip Steel and Trading business units. The latter achieved the highest quarterly and nine-month results in its history. The investment in Aurubis AG once again made a very positive contribution to earnings. Salzgitter AG CEO Mr Gunnar Groebler said “The excellent results for the first nine months of the 2021 financial year underscore the productivity of the Salzgitter Group. Despite all the joy and pride in this, we must not forget that we can expect the business situation to normalize in the coming months due to the disruptions in the supply chains and the usual seasonality at the end of the year. This is one of the reasons why it is essential to consistently drive the further development of the group.”The external sales of the Salzgitter Group improved to EUR 7,001.7 million, primarily as a result of the positive development in rolled steel prices, and were thus noticeably above the comparative figure for the same period of the previous year (9M 2020: EUR 5,264.3 million). The pre-tax profit of EUR 604.5 million (9M 2020: minus EUR 224.4 million). The profit after taxes amounted to EUR 467.7 million (9M 2020: minus EUR 243.0 million). Outlook - Supply chain disruptions and their effects have also affected some of our Group companies since the end of the summer quarter. Nevertheless, Salzgitter Group continues to expect following in 2021 financial yearTurnover that has increased to more than EUR 9 billion,Pre-tax profit of between EUR 600 million and EUR 700 million and
German Salzgitter Group recorded a profit before taxes of EUR 604.5 million in the first nine months of the 2021 financial year. The main driver for this was the dynamic rise in sales well into August, which primarily had an impact on the results of the Strip Steel and Trading business units. The latter achieved the highest quarterly and nine-month results in its history. The investment in Aurubis AG once again made a very positive contribution to earnings. Salzgitter AG CEO Mr Gunnar Groebler said “The excellent results for the first nine months of the 2021 financial year underscore the productivity of the Salzgitter Group. Despite all the joy and pride in this, we must not forget that we can expect the business situation to normalize in the coming months due to the disruptions in the supply chains and the usual seasonality at the end of the year. This is one of the reasons why it is essential to consistently drive the further development of the group.”The external sales of the Salzgitter Group improved to EUR 7,001.7 million, primarily as a result of the positive development in rolled steel prices, and were thus noticeably above the comparative figure for the same period of the previous year (9M 2020: EUR 5,264.3 million). The pre-tax profit of EUR 604.5 million (9M 2020: minus EUR 224.4 million). The profit after taxes amounted to EUR 467.7 million (9M 2020: minus EUR 243.0 million). Outlook - Supply chain disruptions and their effects have also affected some of our Group companies since the end of the summer quarter. Nevertheless, Salzgitter Group continues to expect following in 2021 financial yearTurnover that has increased to more than EUR 9 billion,Pre-tax profit of between EUR 600 million and EUR 700 million and
