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

Editors Pick
Stocks moved sharply lower over the course of the trading day on Wednesday, adding to the modest weakness seen in the two previous sessions. With the losses on the day, the major averages fell to their lowest closing levels in over a month. Democrats have climbed into the lead on a generic ballot, according to the results of a new CNN/ORC International poll, although the results may not be as positive for the party as they first appear. With spending on private and public construction both showing notable decreases, the Commerce Department released a report on Wednesday showing an unexpected drop in U.S. construction spending in the month of August.
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.