Salzgitter : Q2 preview: momentum still mixed, further asset disposals ahead?
>Q2 expected to show slight progress thanks to Steel Production - Salzgitter turned in a mixed showing in Q1 with a subdued performance from the core steelmaking business that was partly offset by a strong performance from the Technology division and the Aurubis contribution. We think the improvement in Q2 is likely to be muted with EBITDA forecast at € 131m up 4% vs Q1 and 11% below the Visible Alpha consensus. This slight increase is set to be driven by Steel Prod...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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