German steelmaker Salzgitter Group said in its financial report for the first half of this year that the period was characterized by geopolitical uncertainty, especially due to the conflict in the Middle East, along with continued weak demand in key consumer industries. Despite the difficult market conditions, the results of the steel production and processing units have improved.
To strengthen its position in the future, the company noted that it continues to implement the "P28" profit improvement program. The program is aimed at steadily improving the efficiency of its business units. By 2028, the company expects to achieve a total impact of 575 million euros from improved efficiency and processes in procurement, logistics, sales and technology, including measures taken under the previous Performance 2026 program. In the first half of 2026, the P28 program generated additional revenue of 97 million euros, while the company expects to generate at least 122 million euros for the full year.
In the first half of the year, the company reported a net profit of 43.5 million euros, compared with a net loss of 88.9 million euros in the same period last year, while sales revenue totaled 4.59 billion euros, down 1.6% from the same period last year. Salzgitter's EBITDA increased to 277.7 million euros in the period compared to 116.8 million euros in the first half of 2025.At the same time, steel production in Salzgitter totaled 3.03 million tons in the first half of the year, an increase of 3.7% year-on-year.
As for the full year, the company expects sales revenue to be around 10 billion euros, and VX EBITDA to be between 725 and 825 million euros.
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, ,, Author:, Editorial staff of SteelOrbis,
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