Salzgitter lifts 2026 earnings forecast on HKM acquisition, EU trade defence measures

Salzgitter AG

17/07/2026 16:40

    July 17 (Reuters) - German steelmaker Salzgitter SZGG.DE on Thursday raised its 2026 profit forecast, citing the positive impact of the HKM acquisition and support from European Union trade defence measures.
The company now expects earnings before interest, taxes, depreciation and amortisation of €725 million to €825 million ($943.72 to $829.33 million) in 2026, compared with its previous forecast of €625 million to €725 million.
Shares in Salzgitter were up 4% by 1522 GMT.

($1 = 0.8742 euros)

 (Reporting by Anastasiia Kozlova, Editing by Louise Heavens)
 ((Anastasiia.Kozlova@thomsonreuters.com))