Springer Nature is one of the world’s leading professional publishing companies. Its highly recurring revenue base and strong market position, good FCF generation and a deleveraging balance sheet should lead to a rerating, we believe. We initiate coverage with an Outperform and a TP of €33. - ...
Springer Nature is one of the world’s leading professional publishing companies. Its highly recurring revenue base and strong market position, good FCF generation and a deleveraging balance sheet should lead to a rerating, we believe. We initiate coverage with an Outperform and a TP of €33. - ...
>Weak Q3 dragged down by Steel businesses - Salzgitter just reported its final Q3 results that came slightly below the prelims released on 22 October. EBITDA stood at € 87m vs € 89m pre-released, albeit in line with the company-compiled consensus of € 91m. EBT came at -€ 153m vs -€ 151m pre-released with the major delta with the consensus (-€ 19m) mostly due to € 129m of impairments on the Precision Tube unit (part of the Steel Processing division). EBITDA dropped 19%...
>Weak Q3 dragged down by Steel businesses - Salzgitter just reported its final Q3 results that came slightly below the prelims released on 22 October. EBITDA stood at € 87m vs € 89m pre-released, albeit in line with the company-compiled consensus of € 91m. EBT came at -€ 153m vs -€ 151m pre-released with the major delta with the consensus (-€ 19m) mostly due to € 129m of impairments on the Precision Tube unit (part of the Steel Processing division). EBITDA dropped 19%...
EQS-News: Salzgitter Aktiengesellschaft / Key word(s): Quarter Results Salzgitter AG delivers nine-month operating result at breakeven in a tough market environment 11.11.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. Diversification effective – Technology Business Unit heading for a record result Rigorous implementation of liquidity and profit improvement measures Structural adjustments at development stage – coordination with employee representatives Non-recurrent effects impacting the earnings forecast lay the foundation...
EQS-News: Salzgitter Aktiengesellschaft / Schlagwort(e): Quartalsergebnis Salzgitter AG in anspruchsvollem Marktumfeld mit operativ ausgeglichenem Neunmonatsergebnis 11.11.2024 / 07:30 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Diversifikation wirkt – Geschäftsbereich Technologie peilt Rekordergebnis an Konsequente Umsetzung der Maßnahmen zur Liquiditäts- und Ergebnisverbesserung Strukturelle Anpassungen in Ausarbeitung und Abstimmung mit den Vertretern der Arbeitnehmer Einmaleffekte mit Auswirkung auf die Ergebnisvorschau leg...
European equity markets weakened in October following multiple disappointments across the earnings season. The impending US election, the outcome of which is highly uncertain according to the polls, may also have prompted some traders to adopt a cautious stance. Sovereign long rates rose sharply, particularly in the US, on the back of macro indicators likely to provide arguments to the most hawkish of central bankers. All eyes are now on the November 5 elections and their repercussion...
Les marchés actions européens ont fléchi en octobre après les nombreuses déceptions sur la saison des résultats. L’approche de l’élection US, très incertaine selon les sondages, pourrait également avoir poussé à la prudence certains opérateurs. Les taux longs souverains ont nettement remonté, en particulier aux Etats-Unis, sur la base d’indicateurs macro susceptibles de donner des arguments aux plus faucons des banquiers centraux. Tous les yeux sont désormais rivés sur le scrutin du 5...
>An opportunistic move? - Salzgitter announced yesterday evening that it had been notified by its 2nd-largest shareholder, family-held construction firm GP Günter Papenburg, that it is considering, along with recycling firm TSR Recycling, submitting a takeover bid. The project remains at an early stage with no certainty that it will go through and no offer price yet communicated. The offer would be subject to achieving an aggregate shareholding of at least 45%. GP Gün...
>An opportunistic move? - Salzgitter announced yesterday evening that it had been notified by its 2nd-largest shareholder, family-held construction firm GP Günter Papenburg, that it is considering, along with recycling firm TSR Recycling, submitting a takeover bid. The project remains at an early stage with no certainty that it will go through and no offer price yet communicated. The offer would be subject to achieving an aggregate shareholding of at least 45%. GP Gün...
We host the 15th edition of the Corporate Conference in cooperation with Commerzbank on September 3rd & 4th 2024 in Frankfurt am Main. This year we are welcoming 90 German small, mid and large cap companies. - >Accelor Mittal (=) – Heading for better H2 despite still soft underlying markets, no change on VallourecAdesso (=) – IT-solutions segment will continue to be a drag on profitability in H2 2024Aurubis (+) – Announced disposal for its US-based finished ...
>Weak Q1 dragged down by Steel Processing - Salzgitter just reported its final Q2 results that were in line with the prelims released on 19 July. EBITDA was confirmed at € 107m, down 15% q-o-q and well below company-compiled consensus at € 130m and ODDO BHF at € 131m. The miss came mainly from Steel Processing which was strongly negative at € 36m as the key tube and plate segments registered marked drops on the back of soft market demand and high imports. The unit al...
>Weak Q1 dragged down by Steel Processing - Salzgitter just reported its final Q2 results that were in line with the prelims released on 19 July. EBITDA was confirmed at € 107m, down 15% q-o-q and well below company-compiled consensus at € 130m and ODDO BHF at € 131m. The miss came mainly from Steel Processing which was strongly negative at € 36m as the key tube and plate segments registered marked drops on the back of soft market demand and high imports. The unit al...
EQS-News: Salzgitter Aktiengesellschaft / Schlagwort(e): Halbjahresergebnis Salzgitter AG mit ausgeglichenem Vorsteuerergebnis im ersten Halbjahr 2024 12.08.2024 / 07:30 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Ausbleibende Konjunkturerholung belastet stahlnahe Aktivitäten Ergänzende kurzfristige Maßnahmen zur Ergebnisverbesserung initiiert Diversifikation wirkt – Geschäftsbereich Technologie peilt 2024 Rekordergebnis an Der Salzgitter-Konzern verzeichnete im ersten Halbjahr 2024 ein Ergebnis vor Zinsen, Steuern und Abschreib...
EQS-News: Salzgitter Aktiengesellschaft / Key word(s): Half Year Results Salzgitter AG delivers a pre-tax result at breakeven in the first half of 2024 12.08.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. Burden on steel-related activities from the economy failing to rebound Supplementary short-term profitability improvement measures initiated Diversification effective – Technology Business Unit heading for a record result in 2024 In the first half of 2024, the Salzgitter Group recorded earnings before interest, taxes, depre...
>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...
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