Salzgitter's total sales revenue declined from 10.8 billion Euro in 2023 to 10 billion Euro in 2024, due to a drop in steel product prices and weak order levels. The company's EBITDA, which was 677 million Euro in 2023, decreased to 445 million Euro in 2024. After reporting a pre-tax profit of 238 million Euro the previous year, the company recorded a pre-tax loss of 296 million Euro in 2024.
Salzgitter reported a pre-tax profit of 109 million euro, excluding extraordinary expenses of 406 million euro. The depreciation and restructuring expenses are expected to strengthen the company's financial structure in future periods.
For 2025, the company targets sales revenue of 9.5 to 10 billion euro, EBITDA of 350 to 550 million euro, and pre-tax profit between -100 and +100 million euro. The company also proposed a dividend of 0.20 euro per share. Salzgitter AG stated that they will accelerate investments in green transformation and measures to enhance its competitiveness.
Gunnar Groebler, CEO of Salzgitter AG, drew attention to the economic uncertainties and high energy costs in Germany and stated: “The economic challenges in Germany and the world show how important it is to systematically implement our strategy. We are forging ahead with futureproofing Salzgitter Group’s position, and the measures we have implemented are bearing fruit. We continue to rigorously implement our SALCOS® transformation program. Thanks to its modular structure, we are excellently positioned to make the right decisions at the right time in a controlled manner and without losing sight of market developments. We assume that the underlying conditions will remain challenging. Our expectations of policy makers to finally ensure significant reduction in energy costs, and to lower the high regulatory hurdles, are all the greater.”
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