Salzgitter warns of significant drop in Jan-Sept preliminary earnings

November 09, 2019 / www.metalbulletin.com / Article Link

Salzgitter expects a significant decrease in its earnings for the first nine months of 2019, the German steelmaker said.

It forecasts preliminary earnings before taxes at ?,?40.7 million ($45.01 million) for the first nine months of 2019, down by 85.7% from ?,?284.6 million in the corresponding period of 2018.Sales outside the group declined down by 4.55% to ?,?6.6 billion in January-September 2019 from ?,?6.9 billion in the same...

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