Salzgitter : Warning on 2020 indicative of market weakness
>Management has announced asset impairments - Salzgitter has said it will book € 200m in asset impairments (non cash) for FY 2019. The impairments, stemming from the prevailing economic and geopolitical environment, will impact on strip steel (€ 100m), plate / section steel (€ 50m), Mannesmann (€ 40m) and Salzgitter Automotive Engineering GmbH & Co. KG. These measures are expected to have a positive impact of around € 25m per year on future earnings. Management confir...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.