Germany · Delayed Price · Currency is EUR Salzgitter AG Earnings Call Transcripts
Fiscal Year 2025
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Returned to profitability in 2025 through restructuring, cost discipline, and strong performance in technology and trading, despite lower sales and ongoing market headwinds. Transformation projects advanced with significant funding, and 2026 is expected to see gradual improvement.
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Sales declined year-over-year due to divestments and lower prices, but a positive Q3 pretax result was achieved. Guidance for 2025 was narrowed, with improved net financial position and cautious optimism for 2026, supported by internal programs and potential EU trade measures.
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H1 2025 saw weak demand, lower sales, and margin pressure, but strong cost savings and technology performance. Guidance for the year is cautious, with focus on cost control, restructuring, and transformation, while regulatory and market uncertainties persist.
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Q1 saw lower sales due to divestments and pricing, with break-even adjusted earnings and improved cash flow. Guidance for 2025 is confirmed, with infrastructure spending and higher steel prices expected to benefit results in the second half.
Fiscal Year 2024
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2024 saw strong operational resilience despite lower sales and significant one-time effects, with positive underlying performance and robust cash flow. Strategic investments in green steel and technology continue, while cost-saving and restructuring programs are intensified for future competitiveness.
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Despite a tough market, a small operational profit was achieved, aided by technology and Aurubis. Major restructuring, cash preservation, and a large divestment are underway, while decarbonization and hydrogen projects progress. Net loss driven by one-time write-offs and high investment needs.
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Sales and earnings declined in H1 2024 due to weak steel markets, but strong technology performance and cost-saving measures supported a near break-even result. Guidance for 2024 includes sales of EUR 10 billion, EBITDA of EUR 400–500 million, and continued investment in SALCOS.