EANS-Adhoc: SALZGITTER AG - preliminary key data on the sales and result of the financial year 2012
PR Newswire/euro adhoc/ EANS-Adhoc: SALZGITTER AG - preliminary key data on the sales and result of the financial year 2012 ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
annual result/preliminary key data 30.01.2013
- Improvement in the operating results in the fourth quarter, as expected - Q4/2012: Earnings before tax (EBT) of around EUR 14 million (Q4/2011: EBT EUR 32.5 million) - FY 2012: EBT of around EUR -29 million (FY 2011: EUR 201.6 million) - Reporting date-related special items burden the 2012 accounts
According to the preliminary key data now available on the financial statements for the financial year 2012, the Salzgitter Group achieved a significant improvement in its pre-tax operating result compared with the previous quarter. Nonetheless, reporting date-related valuation effects in the context of the annual accounts led to a pre-tax result for the financial year of around EUR -29 million (FY 2011: EUR 201.6 million) that fell marginally short of recent guidance.
The result after tax stood at approximately EUR -100 million (FY 2011: EUR 236.0 million). This figure includes non-cash deferred income taxes expenses of EUR 62 million that became necessary under the International Financial Reporting Standards (IFRS) owing to a revaluation of capitalized tax loss carryforwards. The amount of the actual loss carryforwards of the Group remains as to their amount and can be used in subsequent periods.
Consolidated external sales grew to almost EUR 10.4 billion in the reporting period (2011: EUR 9.8 billion), thereby outperforming sales guidance.
The annual financial statements for the financial year 2012 are still subject to the audit currently being conducted by the external auditor and to adoption by the Supervisory Board. The final figures and further details will be published, as planned, on February 27, 2013.
Further inquiry note: Markus Heidler Deputy Head of Investor Relations +49 (0) 5341/21-6105 email@example.com
issuer: Salzgitter AG
D-38239 Salzgitter phone: +49 (0) 5341-21-3783 mail: firstname.lastname@example.org WWW: http://www.salzgitter-ag.de sector: Iron & Steel ISIN: DE0006202005 indexes: Midcap Market Index, MDAX, CDAX, Classic All Share, Prime All Share stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf,
Stuttgart, regulated dealing/prime standard: Frankfurt language: English
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