Salzgitter : A good start to the year
>Apart from Aurubis which exceeded expectations, everything is in line - Profit before tax (PBT): for Q1 2019 totalled € 125.9m (vs € 95.9m in Q1 2018 and € 62.7m in Q4 2018) as announced in advance on 30 April during its (positive) warning on 2019 results. We were disappointed by the breakdown of the earnings. The contributions from the strip steel, Mannesmann and plate/section divisions were largely in line with our expectations and those of the consensus. The surpr...Salzgitter is a holding company. Through its subsidiaries, Co. organized its businesses into five divisions. The Steel Division manufactures steel and special steels. The Tubes Division is involved with the manufacture of line pipes, HFI-welded pipes, precision tubes and stainless steel tubes. The Trading Division operates a European sales network as well as trading companies and agencies worldwide. The companies in the Services Division provide services such as data processing, telecommunications services, scrap dealing, the handling and storage of bulk cargo, transportation, and other services. The Technology Division operates in the filling and packaging technology segment.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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