The company has released preliminary numbers for 2018 (final accounts will be out on 27 February). Revenue was up by some 3% to around €9.3bn and profit before tax increased by 46% to €347m. We had expected €9.08bn and €335m, respectively. The higher than expected net profit number is the consequence of lower extraordinary costs, which fell from €83m to €63m and which we do not regard as extraordinary. For the current year, management sees revenue rising to &euro
05 Feb 2019
Salzgitter releases dismal guidance for 2019
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Salzgitter releases dismal guidance for 2019
Salzgitter AG (SZG:WBO) | 0 0 (-0.3%) | Mkt Cap: 2,774m
- Published:
05 Feb 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
The company has released preliminary numbers for 2018 (final accounts will be out on 27 February). Revenue was up by some 3% to around €9.3bn and profit before tax increased by 46% to €347m. We had expected €9.08bn and €335m, respectively. The higher than expected net profit number is the consequence of lower extraordinary costs, which fell from €83m to €63m and which we do not regard as extraordinary. For the current year, management sees revenue rising to &euro