Germany-based steelmaker Salzgitter Group has announced its financial results for the first nine months of the current year, posting a net profit of €112.6 million, compared to a net profit of €14.6 million in the corresponding period of 2016.
Salzgitter's sales revenues amounted to €6.81 billion in the January-September period this year, up 16.2 percent year on year, while the company's EBITDA totaled €486.4 million, increasing by 44.7 percent compared to the first nine months of the previous year.
Salzgitter stated that for the full year it expects sales revenues to increase to around €9 billion and expects a pre-tax profit of between €175 million and €225 million. According to the company, its ongoing implementation of the ‘Salzgitter AG 2021’ strategy remains a key component of its uptrend, which has been affirmed by the most recent upward revision of its forecast for the full year.