Salzgitter shares rise as Q3 beats forecasts

Salzgitter AG

10/11/2025 08:57

** Shares in German steelmaker Salzgitter SZGG.DE rise 6.5% after the company beat Q3 consensus for core profit and pre-tax income

** Its Q3 EBITDA amounts to 107.2 million euros ($125.02 million), above the 102-million-euro estimate; EBT profit at 11.1 million euros also beats the 6-million-euro loss analysts expected

** Oddo BHF says the release was very decent and attested to the group's sharpened focus on cost savings to mitigate a tough environment

** J.P. Morgan says noteworthy area was the steel production segment's EBT, driven by better pricing, significantly above its own estimate

** JPM also said cash flow and net debt are better than it expected

($1 = 0.8575 euros)

(Reporting by Bernadette Hogg and Emanuele Berro)

((bernadette.hogg@thomsonreuters.com))