SZG Salzgitter AG

EQS-News: Supervisory Board of Salzgitter AG extends Gunnar Groebler's contract

EQS-News: Salzgitter Aktiengesellschaft / Key word(s): Personnel
Supervisory Board of Salzgitter AG extends Gunnar Groebler's contract

07.12.2023 / 11:05 CET/CEST
The issuer is solely responsible for the content of this announcement.


Salzgitter. At its meeting on December 7, 2023, the Supervisory Board of Salzgitter AG extended the contract of CEO Gunnar Groebler until 2029. Gunnar Groebler has been active as a member of the Executive Board of Salzgitter AG since May 2021 and Chairman of the Executive Board since July 2021.

As Heinz-Gerhard Wente, Chairman of the Supervisory Board, commented: "During his tenure to date, Gunnar Groebler has initiated and driven key decisions for the Salzgitter Group forward. Salient examples include the implementation of the new "Salzgitter AG 2030" Group strategy with its focus on the circular economy, the acceleration of the SALCOS® - Salzgitter Low CO2 Steelmakingtransformation program and active portfolio management. These activities were accompanied and supported by dialog-oriented communication with all of the Group's stakeholders. The task now at hand is to further advance the ongoing transformation of the Group with the energy and resolve that we have shown."

 


Contact:
Markus Heidler

Head of Investor Relations

Salzgitter AG
Eisenhüttenstraße 99
38239 Salzgitter

Phone 5
Fax 0
E-Mail


07.12.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at -news.com


Language: English
Company: Salzgitter Aktiengesellschaft
Eisenhüttenstraße 99
38239 Salzgitter
Germany
Phone:
Fax: 7
E-mail:
Internet: -ag.de
ISIN: DE0006202005
WKN: 620200
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1791633

 
End of News EQS News Service

1791633  07.12.2023 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1791633&application_name=news&site_id=research_pool
EN
07/12/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Salzgitter AG

Emna Ben Bdira ... (+2)
  • Emna Ben Bdira
  • Maxime Kogge

Salzgitter : Higher results still hypothetical and higher capex weighi...

>Higher 2024 results still hypothetical - Salzgitter had a decent 2023 year with EBITDA coming at € 677m in the middle of the € 650-700m guidance, although this had been revised down vs the initial € 750-850m due to the fraud suffered by Aurubis and the weaker European steel market. Q4 was especially difficult with EBITDA down 12% q-o-q to € 101m, its lowest since Covid due to the margin squeeze from lower prices and higher raw materials as well as the cost of restar...

Emna Ben Bdira ... (+2)
  • Emna Ben Bdira
  • Maxime Kogge

Salzgitter : L’amélioration des résultats reste encore hypothétique et...

>Perspectives d’amélioration 2024 encore hypothétiques - Salzgitter a réalisé une année 2023 en demi-teinte avec un EBITDA de 677 M€ dans le milieu de la guidance de 650-700 M€ mais celle-ci avait été révisée en baisse vs 750-850 M€ initialement prévus en raison de la fraude subie par Aurubis et de la dégradation du marché européen de l’acier. Le T4 a été particulièrement difficile avec un EBITDA en baisse de 12% q-o-q à 101 M€, au plus bas depuis le COVID à cause du...

Anthony Dick ... (+4)
  • Anthony Dick
  • Joan Sehim
  • Michael Foundoukidis
  • Thomas Zlowodzki

ODDO BHF Small & MIDCAP MORNING NEWS - 03/15/2024

After a terrible start to the year with the fall in gas prices and interest rate pressures, utilities have staged a slight recovery since the second half of February thanks to an uptick in electricity prices and slight decline in long rates. The most recent US macro figures support our scenario of higher long rates in the coming months, stymieing a sector recovery. A recovery will have to wait for a hypothetical collapse in consumer spending in Europe and the first policy rate cuts by...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch