Germany-based steelmaker Salzgitter Group has announced its financial results for the first half of the current year, posting a net profit of €135.4 million, compared to a net profit of €64.7 million in the same period of 2017.
Salzgitter's export sales revenues amounted to €4.61 billion in the first six months, remaining stable year on year, while the company's EBITDA totaled €406.6 million, up 30.6 percent compared to the first half of the previous year.
Salzgitter stated that against the backdrop of uncertainty from trade policies and their possible impact, it is leaving its guidance for the financial year 2018 unchanged – notwithstanding the currently positive situation of our key sales markets – and continues to anticipate a slight increase in sales to above €9 billion and a pre-tax profit of between €250 million and €300 million.