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Salzgitter Q1 After-tax Result Rises; Affirms FY Outlook

German steel producer Salzgitter Group (SZGPF.PK,SZGPY.PK) reported that its first-quarter after-tax result rose to 96.7 million euros from 65.2 million euros last year. Earnings per share grew to 1.76 euros from 1.18 euros in the previous year.

Earnings before taxes was 125.9 million euros, compared to 95.9 million euros last year.

The external sales of the Salzgitter Group came in at 2.3 billion euros, thereby unchanged against the previous year's period.

The company affirmed its forecast for the financial year 2019. It continues to anticipate a slight increase in sales to above the 9.5 billion euros mark, a pre-tax profit (EBT) of between 125 million euros and 175 million euros.

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