Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Salzgitter Confirms 2011 Results, Inability To Provide Detailed 2012 Forecast

Salzgitter AG (SZG.DE,SZGPY.PK) Friday released its annual report for fiscal 2011, and confirmed the growth in 2011 profit originally announced on March 5, 2012. The company also reiterated its inability to provide a detailed forecast "with long-term validity" due to an "increasingly volatile environment.

For 2011, Salzgitter posted a profit of 236 million euros, surging from 2010's 30 million euros. Earnings before tax, or EBT, also soared to 202 million euros from 49 million euros, thanks to the Steel division turning around to an EBT of 26 million euros from the year-ago EBT of negative 101 million euros.

Click here to receive FREE breaking news email alerts for Salzgitter AG and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Consumer prices in the U.S. unexpectedly showed a modest increase in the month of September, according to a report released by the Labor Department on Wednesday, with higher prices for food and shelter offsetting a continued decline in energy prices. The European Parliament has given its strong support to the new European Commission with 423 votes in favor, 209 against and 67 abstentions. The approval was crucial for the Juncker Commission to start a five-year term on 1 November. Today's vote marks the last step in the process leading up to the new European Commission. The European Cabinet has a representative each from all 28 EU member states After moving notably higher over the past few sessions, stocks may show a lack of direction in early trading on Wednesday. The major index futures are currently pointing to a roughly flat open for the markets, with the Dow futures up by just 5 points.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.