Salzgitter’s revenue fell by 6.4% to €2.1bn in the last quarter which brought the H1 number to slightly less than €4bn (-12%). The respective EBIT numbers were -71% to €19m and -55% to €52m, i.e. Q2 EBIT was down by ‘only’ 31%. H1 net profit after minorities was €7m (-82%) and the total comprehensive loss amounted to €226m as the lower discount rate for calculating pension obligations (1.25% instead of 2.25% used at the end of 2015) resulted in
10 Aug 2016
Results were again very poor in Q2
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Results were again very poor in Q2
Salzgitter AG (SZG:WBO) | 0 0 (-0.3%) | Mkt Cap: 2,774m
- Published:
10 Aug 2016 -
Author:
Hans-Peter Wodniok -
Pages:
3
Salzgitter’s revenue fell by 6.4% to €2.1bn in the last quarter which brought the H1 number to slightly less than €4bn (-12%). The respective EBIT numbers were -71% to €19m and -55% to €52m, i.e. Q2 EBIT was down by ‘only’ 31%. H1 net profit after minorities was €7m (-82%) and the total comprehensive loss amounted to €226m as the lower discount rate for calculating pension obligations (1.25% instead of 2.25% used at the end of 2015) resulted in