Salzgitter Aktiengesellschaft

  • WKN: 620200
  • ISIN: DE0006202005
  • Land: Deutschland

Nachricht vom 12.05.2021 | 07:30

Salzgitter Aktiengesellschaft: Encouraging start to the year

DGAP-News: Salzgitter Aktiengesellschaft / Key word(s): Quarter Results
12.05.2021 / 07:30
The issuer is solely responsible for the content of this announcement.

- Pre-tax profit of € 117.3 million in the first quarter
- Steady increase in the monthly results across almost all segments
- Earnings forecast revised upward: profit before taxes of between € 300 million and € 400 million
- SALCOS(R): consistently forging ahead as a pioneer of low CO2 steel production

The Salzgitter Group generated earnings before taxes of € 117.3 million in the first quarter of the financial year 2021. Against the backdrop of a sustained recovery in the market and an uptrend in steel prices, this performance was especially attributable to the gratifying results of the Strip Steel and Trading business units, as well as a contribution of € 42.5 million from Aurubis AG, a participating investment included at equity (IFRS accounting) (Q1 2020: € -18.7 million). Almost all segments reported a steady increase in their monthly results over the course of the quarter.

The Salzgitter Group's external sales remained stable compared with the year-earlier level (€ 2,094.1 million; Q1 2020: € 2,108.3 million). Earnings before taxes came in at € 117.3 million (Q1 2020: € -31.4 million). An after-tax result that stood at € 76.6 million (Q1 2020: € -43.7 million) brings earnings per share to € 1.38 (Q1 2020: € -0.83) and return on capital employed to 13.2 % (Q1 2020: -2.4 %). The equity ratio amounted to 33.0 % (Q1 2020: 35.3 %). In addition, - compared with the respective costs of procurement - the hidden reserves not evident from the balance sheet from the acquisition of our participating investment in Aurubis AG and the CO2 allowances purchased as a precautionary measure for the fourth period of the EU greenhouse gas emission trading scheme that commenced on January 1, 2021, meanwhile amount to over one billion euros.

Chief Executive Officer Prof. Dr.-Ing. Heinz Jörg Fuhrmann on the current situation:

"With Salzgitter AG remaining on track in the challenging past year through drawing on its own resources thanks to rigorous coronavirus management and the measures taken at an early stage to secure earnings and liquidity, I am pleased with the successful start to the year 2021! The quarterly results and improved business activity give us every reason to be optimistic about how the year will develop going forward. The key foundations have also been laid for the Salzgitter Group's long-term success: The company is robustly positioned in terms of its financial position and balance sheet, even as the coronavirus crisis diminishes. We have a well-diversified and balanced product portfolio in place. We will consistently forge ahead as a pioneer in low CO2 steel production. As part of the "Wind Hydrogen (WindH2)" project that enables us to gain valuable experience in the important field of "hydrogen from renewable energies" essential to SALCOS(R), we commissioned a 2.5 MW PEM electrolysis plant in March 2021. Germany's only cross-sector project at present will produce green hydrogen with electricity generated by wind power on the site of the steelworks in Salzgitter. Next week will already set another milestone: a groundbreaking ceremony to mark the start of the construction of a demonstration plant, that will realize the world's first direct reduction process making flexible use of natural gas and hydrogen."

External sales by business unit (EUR million):

  Q1 2020 Q1 2021
Strip Steel 566.2 606.4
Plate / Section Steel 194.5 214.4
Mannesmann 295.9 256.6
Trading 703.4 673.3
Technology 310.3 300.9
Industrial Participations / Consolidation 38.0 42.5
Group 2,108.3 2,094.1

Earnings before taxes (EBT) by business unit (EUR million):

  Q1 2020 Q1 2021
Strip Steel -6.8 43.1
Plate / Section Steel -4.2 -21.0
Mannesmann -4.6 -7.5
Trading 0.3 44.7
Technology 5.2 25.0
Industrial Participations / Consolidation -21.3 33.0
Group -31.4 117.3


In view of the good start to the year and the dynamic increase in rolled steel prices - nevertheless also with explicit reference to the still imminent risk of the coronavirus pandemic - we now anticipate the following for the Salzgitter Group in the financial year 2021:

- an increase in sales to more than € 8.5 billion,

- a pre-tax profit of between € 300 million and € 400 million, as well as

- a return on capital employed (ROCE) that is tangibly above the previous year's figure.

The following links provide further information:

Quarterly Statement
3 Months 2021:
SALCOS(R): ( https://

Markus Heidler

Head of Investor Relations

Salzgitter AG
Eisenhüttenstraße 99
38239 Salzgitter

Phone +49 5341 21-6105
Fax +49 5341 21-2570

12.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at

show this

Event im Fokus

Termine 2021

10. Juni 2021:Fachkonferenz Immobilien

14./15. Juli 2021: Fachkonferenzen Beteiligungsgesellschaften & Consumer/Leisure

13./14. Oktober 2021: Fachkonferenzen Finanzdienstleistungen/Technologie

10./11. November 2021: Fachkonferenzen Software/IT & Branchenmix

„Je nach aktueller Covid-19 Situation und den bestehenden Vorschriften für Versammlungen entscheidet sich ca. 5 Wochen vor dem Termin, in welcher Form die Konferenzen stattfinden.“


Cryptology Asset Group PLC: 120 % Kurspotenzial

GBC Research hat mit der Coverage der Cryptology Asset Group PLC (ISIN: MT0001770107) begonnen. Die Bewertung der führenden europäischen Investmentgesellschaft für Krypto-Assets und Blockchain-Unternehmen erfolgte mittels der Berechnung des Net Asset Value (NAV). Unter Berücksichtigung aller Beteiligungen ergibt sich zum 05. Juli 2021 eine GBC-Fair-NAV-Bewertung in Höhe von 1,04 Mrd. EUR. Daraus ergibt sich ein NAV je Cryptology-Aktie von 358,43 EUR. Daher empfiehlt GBC Research die Cryptology-Aktie zum Kauf und sieht ein Kurspotenzial von über 120 %.

News im Fokus

Deutsche Wohnen SE: Freiwilliges öffentliches Übernahmeangebot von Vonovia voraussichtlich nicht erfolgreich

23. Juli 2021, 19:10

Aktueller Webcast


H1 2021 Analyst Call

04. August 2021

Aktuelle Research-Studie

Original-Research: Diversified Energy PLC (von First Berlin Equity Research GmbH): Kaufen Diversified Energy PLC

23. Juli 2021