Management continues to see revenue coming in at just above €9bn (our projection is €9.09bn), but instead of a pre-tax profit range of €250-300m, it now sees it reaching €300-350m (our projection is €310m). Management argues that this improved profit outlook is the result of protectionist measures taken by the EU. As a result, the inflow of steel coming from China has not developed as expected earlier. Whether the new trade barriers between the USA and China will lead
20 Sep 2018
Management raises 2018 guidance
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Management raises 2018 guidance
Salzgitter AG (SZG:WBO) | 0 0 (-0.3%) | Mkt Cap: 2,774m
- Published:
20 Sep 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
Management continues to see revenue coming in at just above €9bn (our projection is €9.09bn), but instead of a pre-tax profit range of €250-300m, it now sees it reaching €300-350m (our projection is €310m). Management argues that this improved profit outlook is the result of protectionist measures taken by the EU. As a result, the inflow of steel coming from China has not developed as expected earlier. Whether the new trade barriers between the USA and China will lead