Salzgitter has released regular profit warnings during the course of 2019. It now uses the current weak environment to write off another €200m of the group’s assets. As a result, the pre-tax loss is now expected to amount to €250-280m.
14 Jan 2020
Management now expects a sizeable 2019 pre-tax loss
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Management now expects a sizeable 2019 pre-tax loss
Salzgitter AG (SZG:WBO) | 0 0 (-0.3%) | Mkt Cap: 2,774m
- Published:
14 Jan 2020 -
Author:
Hans-Peter Wodniok -
Pages:
2
Salzgitter has released regular profit warnings during the course of 2019. It now uses the current weak environment to write off another €200m of the group’s assets. As a result, the pre-tax loss is now expected to amount to €250-280m.