Salzgitter gains in early trade after third guidance upgrade of 2026

Salzgitter AG

29/10/2026 07:09

** Salzgitter SZGG.DE is up 4% in early Frankfurt trade, after it raised for a third time in the year its FY guidance on Wednesday, helped by stronger steel operations and a higher earnings contribution from its Aurubis NAFG.DE stake
** The German steel producer now expects 2026 EBITDA VX of €800-875 million from €725-825 million previously
** It reported preliminary 9M EBITDA VX of €659 million ($735.58 million), above a company-compiled consensus average of €613 million 
** "Strong earnings generate new upside for estimates and shares," a local trader says
** "The +8% EBITDA midpoint guidance upgrade is a positive surprise," Jefferies says, as it sees the company as a key beneficiary of EU steel protectionist measures
** The stock is at the top of German small-cap index SDAX .SDAXI
($1 = 0.8959 euros)

(Reporting by Emanuele Berro)
((emanuele.berro@thomsonreuters.com))