Salzgitter’s pre-tax loss narrows down in Q1

Friday, 09 May 2014 15:40:12 (GMT+3)   |   Istanbul
       

Germany-based steelmaker Salzgitter Group has announced its preliminary financial results for the first quarter of the current year. The company's pre-tax loss amounted to €8.7 million in the first quarter, compared to a pre-tax loss of €16.1 million in the corresponding quarter of the previous year. Salzgitter's consolidated external sales decreased by 4.2 percent year on year to €2.3 billion.
 
Salzgitter's 2014 guidance remains unchanged, with a significant increase in the pre-tax results approximating breakeven anticipated in the current year.

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