Germany-based steelmaker Salzgitter Group has announced its financial and operational results for the first quarter this year.
In the given quarter, the company posted a net profit of €81.9 million, compared to a net loss of €34.6 million in the same quarter of the previous year, while its sales revenues amounted to €2.35 billion, up by 0.7 percent year on year, due to lower trading volume and prices. In addition, Salzgitter’s EBITDA in the first quarter dropped to €195.9 million, compared to €78.6 million in the same quarter of 2025. Also, the company stated that the first quarter of the current year was shaped by geopolitical and trade tensions and persistently weak economic momentum.
Meanwhile, Salzgitter’s crude steel production totaled 1.57 million mt in the first quarter, rising by 1.1 percent year on year.
As for the full year, the company expects its sales revenue to be around €9.5 billion.
According to Salzgitter CFO Birgit Potrafki, the beginning of the 2026 financial year was encouraging despite ongoing geopolitical challenges, noting that all business units contributed to the improvement in earnings performance. According to the statement, one of the key drivers behind the stronger results was the company’s P28 performance program, which generated an additional €43 million in cost-saving effects.
Ms. Potrafki highlighted that the company’s participating interest in Aurubis AG made the largest contribution to earnings growth, supported by exceptionally strong results driven by high precious metals prices. In addition, the company reported a significant improvement in its net financial position since the start of the year. Potrafki added that the strong start to fiscal year 2026 has increased confidence regarding the outlook for the remainder of the year and led the company to revise its profit guidance upward.