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Last €27.67 EUR
Change Today +0.75 / 2.79%
Volume 546.7K
SZG On Other Exchanges
Symbol
Exchange
Xetra
OTC US
OTC US
Stuttgart
As of 3:35 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

salzgitter ag (SZG) Snapshot

Open
€27.06
Previous Close
€26.92
Day High
€28.18
Day Low
€26.84
52 Week High
05/14/15 - €36.42
52 Week Low
01/14/15 - €21.01
Market Cap
1.7B
Average Volume 10 Days
564.1K
EPS TTM
€0.44
Shares Outstanding
60.1M
EX-Date
05/29/15
P/E TM
62.6x
Dividend
€0.20
Dividend Yield
0.72%
Current Stock Chart for SALZGITTER AG (SZG)

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salzgitter ag (SZG) Details

Salzgitter AG, through its subsidiaries, engages in steel and technology businesses worldwide. The company operates in five business unit of Strip Steel, Plate/Sections, Trading, Energy, and Technology. The Strip Steel business unit produces special and branded steels, such as hot-rolled strip, cold-rolled steel, flat steel, tailored blanks, and components for roofing and cladding, as well as provides cut-to-size blanks and other services for the automotive industry. The Plate/Sections business unit produces a range of high-grade heavy plates for heavy engineering, tubes producers, and the manufacturers of wind power farms. This business unit also offers sections, sheet piling, and scrap dealing. The Energy business unit manufactures a range of steel tubes and pipes, including spectrum covers seamless tubes, precision tubes, seam- and spiral-welded large-diameter pipes, and stainless steel tubes, as well as seamless and welded precision tubes, rounded off by HFI-welded pipes for the energy industry, automotive sector, and mechanical engineering sector. The Trading business unit operates a European sales network, as well as trading companies and agencies worldwide. The Technology business unit offers machinery and plants for the filling and packaging of beverages, as well as focuses on the construction of special machinery. The company also offers logistics, telecommunications, data processing, mechanical engineering, hydroformed products, and engineering services. Salzgitter AG was founded in 1858 and is headquartered in Salzgitter, Germany.

23,542 Employees
Last Reported Date: 08/13/15
Founded in 1858

salzgitter ag (SZG) Top Compensated Officers

Chairman of Executive Board and Chief Executi...
Total Annual Compensation: €1.6M
Chief Financial Officer and Member of the Exe...
Total Annual Compensation: €760.0K
Chief Personnel Officer and Member of Executi...
Total Annual Compensation: €665.0K
Compensation as of Fiscal Year 2014.

salzgitter ag (SZG) Key Developments

Salzgitter AG Reports Consolidated Earnings Results for the First Half of 2015; Provides Financial Guidance for the Full Year 2015

Salzgitter AG reported consolidated earnings results for the first half of 2015. For the period, the company reported pre-tax profit of EUR 80.2 million against pre-tax loss of EUR 4.2 million a year ago, on the back of almost unchanged external sales of EUR 4,529.6 million against EUR 4,549.3 million a year ago. This profit contains an anticipated roughly EUR 15 million positive contribution from the Aurubis investment against EUR 39.2 million a year ago, as well as a total of EUR 33.0 million in expenses for streamlining measures. The after-tax result stood at EUR 41.3 million against loss of EUR 15.9 million in the first half of 2014, resulting in earnings per share of EUR 0.72 against loss of EUR 0.33 per share in the first half of 2014. The return on capital employed (ROCE) was recorded at 5.4% against 1.1% in first half of 2014. The company continue to assume - stable sales, a pre-tax profit in the lower to mid-double-digit million euro range and a return on capital employed (ROCE) that is higher than the previous year's figure in 2015.

Salzgitter AG to Close its HSP Unit

Salzgitter AG has decided to close its loss-making HSP unit after efforts to sell it failed. The closure of the division, which makes steel sections used primarily in water engineering, road and railway construction, civil engineering and environmental protection, will affect about 350 jobs. HSP has been struggling with falling demand and substantial losses.

Salzgitter AG Reports Consolidated Earnings Results for the First Quarter of 2015

Salzgitter AG reported consolidated earnings results for the first quarter of 2015. For the quarter, the company's after-tax result stood at EUR 32.7 million compared to after tax loss of EUR 13.3 million a year ago. Basic earnings per share were EUR 0.58 against basic earnings per share of EUR 0.26 a year ago. The return on capital employed was recorded at 7.5% against 0.4% a year ago.

 

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Industry Analysis

SZG

Industry Average

Valuation SZG Industry Range
Price/Earnings 66.9x
Price/Sales 0.2x
Price/Book 0.5x
Price/Cash Flow 4.5x
TEV/Sales 0.1x
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