The Salzgitter trading division made a profit on the back of the group's losses in the first half of 2025
In the first half of 2025, the sales division of Salzgitter AG achieved significant success with a marginally positive result due to cost adjustments and restructuring measures, the company said.
She is less satisfied with the results of her steel production and steel processing division, which, he says, reflects extremely difficult political and economic conditions, Kallanish notes.
In the first six months, sales of the Salzgitter group in foreign markets amounted to 4.7 billion euros (5.5 billion US dollars), which is one year less than last year, compared to 5.2 billion euros year-on-year. Profit before taxes amounted to a negative 83.8 million euros, compared with a positive 11.5 million euros in the first half of 2024.
Based on the preliminary results released in July, the company has already adjusted its forecasts downward. Currently, revenue for the full year is expected to be 9-9.5 billion. euros, which is lower than the previous forecast of 9.5-10 billion euros. euro. As for the pre-tax result, it is expected that the loss will be from 100 million euros to break even. Previously, the forecast range was from -100 million euros to +100 million euros.
In the trading division, which deals with the distribution of shares, as well as international trade, profits have turned from unprofitable to profitable. Continued cost savings combined with restructuring measures resulted in a pre–tax result of 10.9 million euros after a loss of 0.8 million euros in the first half of 2024.
One-time effects included the sale of subsidiaries in Austria and the distribution of pipes. Compared to the same period last year, the company's shipments decreased slightly, from 1.74 million tons to 1.68 million tons. The sales of the holding steel trade, in particular, fell significantly below last year's figures, the company notes, without providing tonnage data.
Christian Kel Germany
Kallanish.com