Germany-based steelmaker Salzgitter Group has issued its preliminary key financial results data for the fourth quarter and the full year 2012.
For 2012, Salzgitter Group has announced a loss of €100 million, compared to a €236 million profit in the previous year. The company's consolidated external sales amounted to €10.4 billion last year, increasing by 6.2 percent year on year, exceeding the sales guidance for 2012.
In November 2012, Salzgitter had revised its annual forecast due to weak steel demand, adjusting its forecast for the whole year and expecting a pre-tax result around breakeven. However, the company has announced a pre-tax loss of €29 million for 2012.