Salzgitter AG

EQS-News: Salzgitter AG: Diversification paying off – satisfactory result despite increasingly difficult market environment

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星期三, 四月 10, 2024
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Consolidated external sales decreased to € 10.8 billion, due above all to the downtrend in average revenue for steel products.

Key Points: 
  • Consolidated external sales decreased to € 10.8 billion, due above all to the downtrend in average revenue for steel products.
  • Business development in the first quarter of 2024 continued to be impacted by the adverse circumstances in the second half of 2023.
  • As a result, EBITDA contracted to € 677.0 million (2022: € 1,618.2 million) and earnings before taxes to € 238.4 million (2022: € 1,245.4 million).
  • The result includes a contribution of € 40.0 million from Aurubis AG (2022: € 156.3 million), an investment included at equity (IFRS accounting).

EQS-News: Salzgitter AG sells Mannesmann Stainless Tubes Group to Cogne Acciai Speciali

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星期三, 三月 13, 2024
Salzgitter AG, Stainless steel, Growth, Carbon, MST, Mannesmann, Corrosion, Salzgitter, Food industry, Cogne

Continuing its active portfolio management, the Salzgitter Group has now sold the Mannesmann Stainless Tubes Group (MST) to the Italian company Cogne Acciai Speciali in accordance with the best-owner principle for a purchase price of € 135 million corresponding to the net book value.

Key Points: 
  • Continuing its active portfolio management, the Salzgitter Group has now sold the Mannesmann Stainless Tubes Group (MST) to the Italian company Cogne Acciai Speciali in accordance with the best-owner principle for a purchase price of € 135 million corresponding to the net book value.
  • Cogne Acciai Speciali is an international group of companies with production facilities on three continents and sales offices in all economically significant regions of the world.
  • The Mannesmann Stainless Tubes Group produces seamless stainless steel and nickel-based tubes at its sites in Germany, France, Italy and the USA.
  • Accordingly, the products of the Mannesmann Stainless Tubes Group are predominantly deployed in power plant construction and in the chemical and petrochemical industries.

EQS-News: APEX Group: exceet expands Supervisory Board with appointment of former Salzgitter CEO Prof. Dr.-Ing. Heinz Jörg Fuhrmann

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星期二, 一月 30, 2024
Hydrogen, Research, SCA, Salzgitter, Institute of technology, Senate, CFO, Mass meeting, RWTH Aachen University, Knowledge, History, Commercial, Metallurgy, Economics, Climate change mitigation, BDI, Supervisory board, Politics, Plant, APEX, Fraunhofer Society, Salzgitter AG

APEX Group: exceet expands Supervisory Board with appointment of former Salzgitter CEO Prof. Dr.-Ing.

Key Points: 
  • APEX Group: exceet expands Supervisory Board with appointment of former Salzgitter CEO Prof. Dr.-Ing.
  • Prof. Fuhrmann (67) was elected as a new member of the Supervisory Board.
  • At its constituent meeting immediately following the General Meeting today, the Supervisory Board elected Prof. Fuhrmann as Deputy Chair of the Supervisory Board.
  • Together with the Chair of the Supervisory Board, Roland Lienau, and the other members of the Supervisory Board, Prof. Fuhrmann will make a valuable contribution to the company's growth strategy.

EQS-News: Sale of Borusan Mannesmann participation concluded

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星期四, 十二月 14, 2023
Growth, AG, Salzgitter, China's circular economy, Salzgitter AG, Sale, Circular economy, Borusan

Salzgitter.

Key Points: 
  • Salzgitter.
  • The Salzgitter Group has now successfully transferred its 23% participating share in Borusan Mannesmann Boru Yatirim Holding A.S., Turkey, to the co-owner Borusan.
  • The buyer Borusan ranks as one of the leading international steel tube manufacturers.
  • We believe that the sale offers Borusan and its employees the best development opportunities in a significant market environment."

EQS-News: PWO Group advances its sustainability strategy with the purchase of “green steel” starting in 2026

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星期三, 十二月 13, 2023
CO2, Steel, Carbon accounting, Partnership, GHG, CFO, Salzgitter AG, Renewable energy

Carlo Lazzarini (CEO): "We have already achieved extensive reductions in greenhouse gas emissions in our production and energy procurement processes.

Key Points: 
  • Carlo Lazzarini (CEO): "We have already achieved extensive reductions in greenhouse gas emissions in our production and energy procurement processes.
  • Oberkirch, December 13, 2023 – The PWO Group continues to implement its sustainability strategy at a rapid pace.
  • This will enable us to offer our customers an environmentally friendly alternative to conventionally produced steel in the future.
  • With the "SALCOS® - Salzgitter Low CO2 Steelmaking" transformation program, the Salzgitter Group will gradually convert its steel production to hydrogen-based processes.

EQS-News: Salzgitter orders one of Europe’s largest green hydrogen plants from ANDRITZ

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星期一, 九月 25, 2023
Hydrogen, Electrolysis, EPC, Steel, Salzgitter, Coal, Plant, Flood-Medal 2013 of the State of Lower Saxony, Salzgitter AG, Federal republic, CO2, Renewable energy

Salzgitter AG has ordered a 100 MW green hydrogen plant for low-CO2 steel production from ANDRITZ GROUP.

Key Points: 
  • Salzgitter AG has ordered a 100 MW green hydrogen plant for low-CO2 steel production from ANDRITZ GROUP.
  • This contract completes the orders for all plants and systems for the first stage of Salzgitter’s SALCOS® sustainable transformation program.
  • The Salzgitter Group has selected technology group ANDRITZ to supply one of Europe's largest green hydrogen plants for the SALCOS® program, which aims to achieve virtually CO2-free (green) steel production.
  • Starting in 2026, the plant will produce around 9,000 tons of green hydrogen per year, which will be used to produce green steel.

EQS-News: RENK Group continues growth path with strong order intake in the first half of 2023

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星期五, 九月 1, 2023
Investment, Armed, THOR, EBIT, Salzgitter, United States Army, LNG, EBITDA, Acquisition, Sustainalytics, Marine, Risk, US Army Small Ships Section, Growth, ESG, Longevity, General Kinetics Engineering Corporation, Salzgitter AG, Renewable energy

RENK Group, a leading global manufacturer of mission-critical drive technologies, continued its growth path in the first half of 2023.

Key Points: 
  • RENK Group, a leading global manufacturer of mission-critical drive technologies, continued its growth path in the first half of 2023.
  • The acquisition of General Kinetics, which closed in January 2023 additionally contributed almost 45 percent to the segment’s growth.
  • “The revenue growth in the first half of the year and our strong order intake reflect the high demand for our products,” said Susanne Wiegand, CEO of RENK Group.
  • This places RENK Group within the top 15 percent of the Sustainalytics machinery universe peer group.

EQS-News: Salzgitter Aktiengesellschaft: (Re)financing deal sealed for green steel production and general corporate financing

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星期三, 八月 30, 2023
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Salzgitter Klöckner-Werke GmbH, a wholly owned subsidiary of Salzgitter AG (“the Salzgitter Group”), has entered into a revamped € 1.03 billion syndicated loan agreement.

Key Points: 
  • Salzgitter Klöckner-Werke GmbH, a wholly owned subsidiary of Salzgitter AG (“the Salzgitter Group”), has entered into a revamped € 1.03 billion syndicated loan agreement.
  • The company’s existing € 560 million credit line was raised to € 680 million, with a new € 350 million guarantee facility baked into the contract as well.
  • An ESG rendezvous clause is currently in the works; it will make the agreement the Salzgitter Group’s first-ever sustainability-linked loan.
  • According to Salzgitter AG CFO Burkhard Becker, “Our new syndicated financing is a very strong pillar in our financial strategy.

EQS-News: Salzgitter Aktiengesellschaft: Salzgitter AG with successful first half year 2023

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星期五, 八月 11, 2023
Aurubis, Tax, AG, Government, Salzgitter, EBITDA, Investment, ROCE, Motivation, Federalism, Federal republic, Salzgitter AG, Bank

In particular, the Steel Processing and Steel Production business units, along with the Technology Business Unit, contributed to this result.

Key Points: 
  • In particular, the Steel Processing and Steel Production business units, along with the Technology Business Unit, contributed to this result.
  • This documents the continued very robust balance sheet and strong financial position of Salzgitter AG.
  • As Gunnar Groebler, Salzgitter AG’s Chief Executive Officer, comments:
    “Despite the deterioration in the economic environment, the Salzgitter Group delivered a gratifying half-year result.
  • I am also particularly pleased with the very first evaluation of Salzgitter AG by rating agency EcoVadis that was successfully concluded in June.

EQS-News: Salzgitter Aktiengesellschaft: Salzgitter AG appoints new female Executive Board member, Birgit Potrafki to succeed Burkard Becker as CFO

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星期五, 八月 4, 2023
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Salzgitter Aktiengesellschaft: Salzgitter AG appoints new female Executive Board member, Birgit Potrafki to succeed Burkard Becker as CFO

Key Points: 
  • Salzgitter Aktiengesellschaft: Salzgitter AG appoints new female Executive Board member, Birgit Potrafki to succeed Burkard Becker as CFO
    The issuer is solely responsible for the content of this announcement.
  • Salzgitter.
  • At a meeting on 16.06.2023, the Supervisory Board of Salzgitter AG appointed Ms. Birgit Potrafki (52) as a new member of the Executive Board.
  • She will join the Board on 01.02.2024 and take up the position of CFO on 01.04.2024.