DGAP-Ad hoc: Salzgitter

DGAP-Adhoc: Salzgitter AG: Salzgitter Group delivers breakeven in its pre-tax result in the first quarter of 2016

Salzgitter AG / Key word(s): Quarter Results

25.04.2016 20:13

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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The Salzgitter Group generated external sales of EUR 1.9 billion in the first quarter of 2016 (first quarter 2015: EUR 2.3 billion) and breakeven in its pre-tax result (EUR 3.1 million; first quarter 2015: EUR 51.8 million). With these results, the company has therefore provided proof of its sound business model, as well as the sustainable success of its restructuring projects in an extremely challenging market environment. Earnings before taxes comprise a positive contribution of EUR 11.6 million by the Aurubis investment (first quarter 2015: EUR +3.1 million).

For the year as a whole we anticipate, as before, an operating pre-tax result around breakeven - depending on when various EU measures against dumped steel imports take effect - as well as net of non-recurrent expenses for specific measures aimed at structural improvements within the Group.

Further details on the financial statements for the first quarter will be published on May 13, 2016, as scheduled.

Information is released on the basis of the current Guidelines for Issuers of the German Financial Supervisory Authority (BaFin).



Contact:

Markus Heidler Head of Investor Relations

Salzgitter AG Eisenhüttenstraße 99 38239 Salzgitter

Phone +49 5341 21-6105 Fax +49 5341 21-2570 E-Mail ir@salzgitter-ag.de

25.04.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

--------------------------------------------------------------------------- Language: English Company: Salzgitter AG Eisenhüttenstraße 99 38239 Salzgitter Germany Phone: +49 5341 21-01 Fax: +49 5341 21-2727 E-mail: info@salzgitter-ag.de Internet: www.salzgitter-ag.de ISIN: DE0006202005 WKN: 620200 Listed: Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart; Terminbörse EUREX End of Announcement DGAP News-Service ---------------------------------------------------------------------------