Salzgitter : Q1 2021 offers a solid base to build Q2
>CEO Professor Furhman can step down with the sense of mission accomplished - Profit before tax (PBT): In Q1 2021 came in at € 117.3m (vs € 30m in Q4 2020 and -€ 31.4m in Q1 2020). The outgoing CEO Professor Heinz Jörg Fuhrmann (who will be replaced by Gunnar Groebler on 1 July) said that Strip Steel (37% of EBITDA 20) is at full operational capacity and plans to restart its last idled blast furnace (0.6Mt i.e. 10% of Q1 annualised production). Visibility is good with...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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