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Last €2.12 EUR
Change Today +0.001 / 0.05%
Volume 0.0
SZGA On Other Exchanges
As of 9:09 AM 11/27/15 All times are local (Market data is delayed by at least 15 minutes).

salzgitter ag-unsp adr (SZGA) Snapshot

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52 Week High
05/20/15 - €3.32
52 Week Low
01/14/15 - €1.96
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Current Stock Chart for SALZGITTER AG-UNSP ADR (SZGA)

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salzgitter ag-unsp adr (SZGA) 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.

23,688 Employees
Last Reported Date: 11/12/15
Founded in 1858

salzgitter ag-unsp adr (SZGA) 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-unsp adr (SZGA) Key Developments

Salzgitter AG Reports Earnings Results for the Nine Months of 2015; Provides Earnings Guidance for the Year 2015

Salzgitter AG reported earnings results for the nine months of 2015. For the period, the company reported that external sales came in at EUR 6,691.7 million against EUR 6,811.5 million a year ago. Pre-tax profit rose considerably to EUR 24.0 million against EUR 5.5 million a year ago. The after-tax result stood at EUR 12.1 million against loss of EUR 12.2 million a year ago. Basic earnings per share to EUR 0.16 against loss per share of EUR 0.28 a year ago. The company provided earnings guidance for the financial year 2015. The company expects stable sales, pre-tax profit in the lower double-digit million euro range, a return on capital employed (ROCE) that is higher than the previous year's figure.

Salzgitter AG Announces Group Earnings Guidance for the Nine Months of 2015

Salzgitter AG announced group earnings guidance for the nine months of 2015. For the period, the company announced external sales of EUR 6,691.7 million against loss of EUR 6,811.5 million a year ago. Pre-tax (EBT) will be EUR 24 million against loss of EUR 5.5 million a year ago. Primarily as a result of the decline in metal prices and the resulting impact on the expected profit contribution of the Aurubis investment, the Salzgitter Group is returning to its original earnings forecast issued at the start of the year 2015. This forecast anticipates pre-tax profit in the lower double-digit million range. A positive result in the first nine months of 2015 results due to sharp decline in metal prices impacts earnings from shareholdings.

Salzgitter And Aurubis May Reportedly Merge In Future

Salzgitter AG (DB:SZG) and Aurubis AG (XTRA:NDA) may merge in the future as per reports citing Salzgitter Chief Executive Officer Heinz Joerg Fuhrmann. A tie-up between the two companies would make sense, considering the future joint development of industrial processes.


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