Salzgitter warns of significant drop in Jan-Sept preliminary earnings

Salzgitter expects a significant decrease in its earnings for the first nine months of 2019, the German steelmaker said.

It forecasts preliminary earnings before taxes at €40.7 million ($45.01 million) for the first nine months of 2019, down by 85.7% from €284.6 million in the corresponding period of 2018. Sales outside the group declined down by 4.55% to €6.6 billion in January-September 2019 from €6.9 billion in the same...


Maria Tanatar

November 08, 2019

12:57 GMT