Salzgitter : Decent Q4 results and solid 2024 guidance despite macro uncertainties
>Decent Q4 results, strong cash generation - Salzgitter has reported its Q4 results with EBITDA down 12% q-o-q to € 101m, 9% below the Visible Alpha consensus of € 111m but 8% above our estimates (€ 94m). The miss on consensus came from Steel Production with EBITDA at € 27m, -63% q-o-q on weak demand and higher raw materials. Trading was also weak at just € 1m. The good surprise came from Steel Processing despite lower prices and volumes in most segments. The Technol...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.