Salzgitter (SZG) Corporate presentation summary

Group overview and structure

• Operates globally with a diversified portfolio in steel production, processing, trading, technology, and industrial participations.

• FY 2025 external sales reached €9.0 billion with 22,014 employees and EBT of €-27.7 million.

• Key business units include Steel Production, Steel Processing, Trading, Technology, and Industrial Participations.

• Major shareholdings include Aurubis and Hansaport, with significant participations in logistics and research.

Financial performance and outlook

• FY 2025 saw a decline in crude steel production and sales, but earnings before tax improved to near breakeven.

• Q1 2026 started strong with EBITDA of €196 million and EBT of €95 million, reflecting improved margins and cost management.

• Management guidance for 2026 anticipates sales of €9.5 billion, EBITDA of €625–725 million, and pre-tax profit of €200–300 million.

• Balance sheet remains robust with equity of €4.57 billion and positive cash flow increasing cash reserves.

Market situation and regulatory environment

• New EU trade tool to reduce duty-free import quotas by 50% for flat steel, with implementation expected July 2026.

• Raw material and energy prices remain volatile, influenced by global conflicts and weather events.

• CO2 emission allowance prices are expected to rise long-term, impacting cost structures.

• European steel prices are trending upward due to regulatory changes and market expectations.