Salzgitter had released preliminary revenue and profit numbers for 2018 in early February and has now released its annual report. Based on management’s release in February, we had expected the dividend to be raised from €0.45 to €0.60 but the final proposal is €0.55. In addition, we had expected the balance sheet to show net debt at the end of 2018 (€69m), but the number has actually increased to €95m.
25 Mar 2019
Dividend proposal and debt load are disappointments
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Dividend proposal and debt load are disappointments
Salzgitter AG (SZG:WBO) | 0 0 (-0.3%) | Mkt Cap: 2,774m
- Published:
25 Mar 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
Salzgitter had released preliminary revenue and profit numbers for 2018 in early February and has now released its annual report. Based on management’s release in February, we had expected the dividend to be raised from €0.45 to €0.60 but the final proposal is €0.55. In addition, we had expected the balance sheet to show net debt at the end of 2018 (€69m), but the number has actually increased to €95m.