Salzgitter falls in pre-market after outlook cut, 'disappointing' H1 results

Salzgitter AG

18/07/2025 06:59

** Shares in Salzgitter SZGG.DE drop 12% in pre-market trade after the German steelmaker cut its 2025 outlook and reported lower than expected H1 results on Thursday

** It now expects FY sales between 9.0 to 9.5 bln euros, down from 9.5 to 10 bln seen previously, and EBITDA between 300 to 400 mln euros, versus 350 to 550 mln euros seen before

** "The new earnings outlook clearly misses consensus even as some analyst expected weakness," a local trader says

** The trader adds also that the preliminary H1 results missed consensus expectations on all metrics, describing them as "disappointing"

 (Reporting by Amir Orusov)

 ((Amir.orusov@thomsonreuters.com))