German steel maker Salzgitter's prelim Q1 sales miss estimates

Salzgitter AG

21/04/2026 16:18

Overview

Germany steel producer's preliminary Q1 sales were flat yr/yr and missed analyst expectations

Preliminary Q1 EBITDA rose sharply, driven by Aurubis AG contribution

Company raised full-year EBITDA and pretax profit guidance, citing improved business unit results

Outlook

Salzgitter raises 2026 EBITDA VX forecast to €625 mln-€725 mln from €500 mln-€600 mln

Company lifts 2026 EBT VX outlook to €200 mln-€300 mln from €75 mln-€175 mln

Salzgitter maintains 2026 sales guidance at around €9.5 bln

Result Drivers

AURUBIS CONTRIBUTION - Higher equity earnings from Aurubis AG, boosted by metal price valuation effects, drove Q1 results

BUSINESS UNIT IMPROVEMENT - Steel Production, Trading, and Technology units reported improved results

Company press release: ID:nEQ1c0Sfza

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
EUR 2.30 bln
EUR 2.38 bln (6 Analysts)
Q1 EBITDA
EUR 280 mln
Q1 Pretax Profit
EUR 179 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the iron & steel peer group is "buy"

Wall Street's median 12-month price target for Salzgitter AG is €50.00, about 0.9% above its April 20 closing price of €49.56

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)