salzgitter
First quarter consolidated profit at German steel giant Salzgitter declined to €15 million ($16.1 million) from €140.5 million last year, the company said on Monday. Basic earnings per share were €0.24 compared to €2.57. Salzgitter reported earnings before interest and taxes (EBIT) of €45.2 million compared to €214.2 million last year. Earnings before interest, taxes, depreciation and amortization (EBITDA) declined to €126.4 million compared to €290 million last year. External sales also dropped to €2.68 billion compared to €2.98 billion seen in the prior year. The company said the result was ...
DPA
German steel giant Salzgitter AG on Tuesday reported pre-tax profit of €17 million ($18.3 million) for the first quarter, significantly lower than the previous year's €126 million. The company also cut its full-year outlook. "As far as the remainder of the year is concerned, there are also indications that the German economy will not be able to keep pace with the upswing in other industrial nations. The signs of recovery are more hesitant and weaker than originally anticipated," the company said in a statement. Earnings before interest, taxes, depreciation and amortization (EBITDA) declined to...
DPA
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