Report

Salzgitter : Le management détaille ses attentes par division pour 2020. Nous abaissons nos estimations. Opinion Alléger réitérée

>Le management donne plus de granularité sur la guidance 2020 - Le résultat avant impôt (Profit Before Tax : PBT) du T1 2020 ressort en perte de 31.4 M€ (vs -294 M€ au T4 Q4 2019 et 126 M€ l’an dernier) comme annoncé par anticipation le 24 avril dernier lors de son avertissement sur les résultats 2020. L’objectif de PBT 2020 est maintenu avec une perte « in triple digit million range » en grande partie à cause de 1/ la BU Strip Steel (73% de EBITDA 19) qui devrait pât...
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.

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