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Salzgitter: Precautionary CO2 Allowances To Compensate Estimated Shortfall

Salzgitter AG (SZGPF.PK) said, based on externally verified data, the company assumes that the CO2 allowances purchased as a precautionary measure will almost compensate the projected shortfall at the subsidiaries of the Group. The market value of all CO2 allowances acquired as a precautionary measure exceeds the figure accounted for in the balance sheet by around 300 million euros.

The company noted that the value of the CO2 allowances acquired is a stock market value and is subject to fluctuations.

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