A complicated tax decision by Germany’s Upper Financial Court has forced Salzgitter to increase its 2015 tax expenses by some €25m. As the pre-tax result is expected to come in at a low double-digit million euro amount, the net result is likely to be negative versus our currently-expected profit of €17m. This will take its toll on the group’s book value but not on EPS. As these tax charges concern past fiscal years, we will adjust the charges when calculating our EPS. As a result, our target pri ....
15 Jan 2016
Another net loss likely in 2015
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Another net loss likely in 2015
Salzgitter AG (SZG:WBO) | 0 0 (-0.3%) | Mkt Cap: 2,774m
- Published:
15 Jan 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
A complicated tax decision by Germany’s Upper Financial Court has forced Salzgitter to increase its 2015 tax expenses by some €25m. As the pre-tax result is expected to come in at a low double-digit million euro amount, the net result is likely to be negative versus our currently-expected profit of €17m. This will take its toll on the group’s book value but not on EPS. As these tax charges concern past fiscal years, we will adjust the charges when calculating our EPS. As a result, our target pri ....