Salzgitter’s revenue fell by 18% to €1.87bn, EBIT was down by 71% to €19m and pre-tax earnings collapsed by 94% to €3.1m. The group showed a net profit of €1.0m (€32.7m in Q1 15) but, after minorities, this translates into a loss of €0.1m. In fact, this was only achieved by booking a profit of €3.8m from discontinued operations, whereas this number was a negative of €12.2m a year ago.
