Published by Global Banking and Finance Review
Posted on February 11, 2025
(Reuters) - German steelmaker Salzgitter expects its 2025 result to be impacted by the trade policies of the new U.S. government and the current stagnation of the German economy, the company said in a statement on Tuesday.
Salzgitter said it expects its 2025 pre-tax result to fall within a range of minus 100 million euros and 100 million euros.
Analysts forecast a pre-tax result of 96 million euros ($99.14 million), according to a company-compiled consensus.
Salzgitter stock was down by 0.7% at 1425 GMT.
The company also said it beat 2024 core earnings expectations, helped by a contribution by copper producer Aurubis of 184 million euros.
Earnings before interests, taxes, depreciation and amortization (EBITDA) came in at 445 million euros, surpassing analyst expectations that saw it at 317 million euros, according to a company-compiled consensus.
($1 = 0.9683 euros)
(Reporting by Tristan Veyet, editing by Rachel More and Miranda Murray)
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