Salzgitter Group generates a pre-tax profit of € 145 million in the first half year

In the first half of 2019, the Salzgitter Group reported generally satisfactory performance, with all business units making positive contributions to profit. The Group also closed the second quarter of the current financial year with a pre-tax profit (€ 19.4 million). Declining rolled steel prices in combination with further raw materials price hikes resulted in a downturn of the earnings situation of the steel-related segments. Meanwhile, the KHS Group as the largest unit of the Technology division, continues to develop very satisfactorily. The Group’s stability, also proven in more challenging phases, is due in particular to the rigorous implementation of its efficiency and growth programs.

Read more at Salzgitter Group generates a pre-tax profit of € 145 million in the first half year.

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