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4-Traders Homepage  >  Equities  >  Xetra  >  Salzgitter AG    SZG   DE0006202005

SALZGITTER AG (SZG)
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Salzgitter : to construct third hot-dip galvanizing line

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09/29/2017 | 10:26am CET

In its meeting yesterday, the Salzgitter AG Supervisory Board approved an investment in a third hot-dip galvanizing line at the Salzgitter site. For Salzgitter Flachstahl GmbH (SZFG), this project represents the implementation of a key component in the group's 'Salzgitter AG 2021' strategy, namely a consistent focus on the premium product range.

With an annual capacity of 500,000 metric tons, the new hot-dip galvanizing line 3 will supplement the two existing SZFG lines and reinforce the market position particularly in high and ultra-high strength steels for the automotive industry. The unit is scheduled to be put into operation in the second half of 2020.

'The investment is a renewed commitment to steel production in Germany. This line will allow us to continue to expand Salzgitter Flachstahl GmbH's importance as a supplier to customers in Europe and worldwide making very high quality demands,' states Executive Board Chair Prof. Dr.-Ing. Heinz Jörg Fuhrmann.

Salzgitter AG published this content on 29 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 September 2017 08:24:04 UTC.

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Financials (€)
Sales 2017 9 071 M
EBIT 2017 298 M
Net income 2017 160 M
Debt 2017 789 M
Yield 2017 0,97%
P/E ratio 2017 15,27
P/E ratio 2018 13,81
EV / Sales 2017 0,38x
EV / Sales 2018 0,38x
Capitalization 2 676 M
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Technical analysis trends SALZGITTER AG
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 23
Average target price 41,5 €
Spread / Average Target -6,9%
EPS Revisions
Managers
NameTitle
Heinz Jörg Fuhrmann Chairman-Executive Board & Chief Executive Officer
Heinz-Gerhard Wente Chairman-Supervisory Board
Burkhard Becker Chief Financial Officer
Heike Niederau-Buck Chief Information Officer
Hannes Rehm Member-Supervisory Board
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