Salzgitter Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Salzgitter (ETR:SZG) Third Quarter 2024 Results

Key Financial Results

• Revenue: €2.58b (flat on 3Q 2023).
• Net loss: €180.3m (down from €1.10m profit in 3Q 2023).
• €3.34 loss per share (down from €0.02 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Salzgitter Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in Europe.

Performance of the market in Germany.

The company's shares are down 8.0% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Salzgitter, and understanding these should be part of your investment process.

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