Salzgitter Q4 Earnings Call Highlights

Salzgitter (ETR:SZG) executives told analysts that fiscal 2025 was marked by a hard alloy market—“perhaps adjacent somewhat worse than 2024”—but said interior show measures and restructuring helped the radical instrumentality to profitability connected an adjusted basis. CEO Gunnar Gröbler described the twelvemonth nether the taxable “back successful black,” pointing to a flimsy affirmative adjusted pre-tax result, improved currency generation, and advancement connected the company’s decarbonization roadmap.

CFO Birgit Potrafki said radical income fell to “almost EUR 9 billion,” astir EUR 1 cardinal beneath the anterior year. She attributed the diminution chiefly to the deconsolidation of Mannesmann Stainless Tubes (which was inactive included successful 2024) and weaker turnover crossed alloy segments, with trading additionally affected by little volumes.

→ The S&P 500 Broke Its 200-Day Moving Average—Here's What to Expect

Despite the little gross base, Potrafki said the institution stabilized net done outgo and currency measures. Adjusted EBT came successful somewhat affirmative astatine EUR 2 million, portion reported EBT was -EUR 28 million including a -EUR 30 million valuation interaction tied to an exchangeable bond. The radical reported EUR 505 million of gross operating currency flow, astir EUR 100 cardinal higher than the anterior year, and ended 2025 with a nett fiscal presumption of -EUR 954 million, which Potrafki said was amended than earlier expectations during the year.

Potrafki highlighted the income statement’s main outgo drivers—material costs of astir EUR 5.8 billion, unit expenses of EUR 1.9 billion, and different operating expenses of EUR 1.5 billion—and said little worldly costs helped offset the income decline. She besides noted that depreciation and amortization comparisons were influenced by impairments recorded successful 2024 related to Mannesmann Precision Tubes and HKM.