Report
Emna Ben Bdira ...
  • Maxime Kogge

Salzgitter : L’amélioration des résultats reste encore hypothétique et la hausse des Capex pèse sur le cash-flow, objectif abaissé à 23 €

>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...
Underlying
Salzgitter AG

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Emna Ben Bdira

Maxime Kogge

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