Salzgitter Past Earnings Performance
Past criteria checks 3/6
Salzgitter's earnings have been declining at an average annual rate of -44.3%, while the Metals and Mining industry saw earnings declining at 1.6% annually. Revenues have been declining at an average rate of 0.5% per year. Salzgitter's return on equity is 1%, and it has net margins of 0.5%.
Key information
-44.29%
Earnings growth rate
-44.31%
EPS growth rate
| Metals and Mining Industry Growth | 29.18% |
| Revenue growth rate | -0.50% |
| Return on equity | 1.02% |
| Net Margin | 0.47% |
| Next Earnings Update | 11 Aug 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jun 01
SZG: Raised Guidance And Rich P E May Pressure Future Returns
Narrative Update on Salzgitter The updated analyst price target for Salzgitter moves from about €29.00 to roughly €33.06. This reflects higher Street targets in the €60 to €65 range and analyst views that factor in revised growth assumptions, a different profit margin profile, a higher discount rate and a higher future P/E multiple.
Narrative Update • May 12
SZG: MDAX Inclusion And Split Ratings Will Shape Future Earnings Repricing
Salzgitter's analyst price target has been increased by €3.30, with analysts attributing the change to the recent upgrade and revised assumptions around discount rates, long term revenue growth, profit margins and future P/E expectations. Analyst Commentary Recent research on Salzgitter reflects a split view, with some analysts linking the higher price target and upgrade to adjusted assumptions on discount rates, long term revenue growth, profit margins and future P/E expectations, while others are more cautious and have issued a downgrade.Narrative Update • Apr 28
SZG: MDAX Entry And Mixed Rating Shifts Will Shape Future Repricing
Analysts have lifted Salzgitter's fair value estimate by about €3.44 per share to €50.43, reflecting updated expectations for revenue growth, profit margins and future P/E assumptions following recent price target increases from several banks and a downgrade from another house. Analyst Commentary Recent research shows a mixed but generally constructive stance on Salzgitter, with several price target increases and at least one downgrade feeding into the updated fair value estimate of €50.43.Narrative Update • Apr 13
SZG: Mixed Rating Shifts And MDAX Inclusion Will Shape Future Equity Repricing
The updated analyst price target for Salzgitter moves to €46.99 from €49.12, as analysts factor in more cautious assumptions on revenue growth and profit margins, even while several recent research notes highlight higher individual price targets and mixed rating changes. Analyst Commentary Recent Street research on Salzgitter reflects a mix of upbeat and cautious views, with several firms adjusting ratings and price targets in different directions.
Narrative Update • Mar 30
SZG: Index Inclusion And Higher Earnings Quality Will Support Future Re Rating
Analysts have raised the fair value estimate for Salzgitter to €60 from €57, citing recent price target increases from several banks, along with updated assumptions for growth, profitability, and a lower future P/E multiple, despite some mixed rating changes. Analyst Commentary Recent research shows a split in opinion, but there is a clear cluster of bullish analysts who see more upside for Salzgitter based on updated assumptions for execution, earnings power and where the shares trade relative to their revised fair value work.Narrative Update • Mar 16
SZG: Higher Earnings Conviction And Guidance Will Likely Reprice Depressed Equity Multiples
Analysts have lifted their blended price target on Salzgitter from about €34.24 to roughly €49.12. This reflects a series of recent target increases across the Street that are grounded in updated assumptions for revenue growth, margins and future P/E multiples.Narrative Update • Mar 02
SZG: Higher Margin Assumptions Will Undermine Future Earnings Resilience
Analyst price targets on Salzgitter have moved higher by up to €20, with the latest updates reflecting a mix of upgraded views and recalibrated assumptions on margins, P/E multiples, and broader earnings potential. Analyst Commentary Recent research updates on Salzgitter highlight a mixed backdrop, with some firms revisiting their models and price targets while keeping a cautious stance on the stock.Narrative Update • Feb 16
SZG: Higher Discount Rate Will Pressure Earnings Delivery And Future Share Performance
Analysts have lifted their average price target for Salzgitter by around €20 to €40, citing updated assumptions on discount rates, revenue growth, profit margins and P/E multiples, along with a series of recent target hikes and rating changes across major banks. Analyst Commentary Recent research on Salzgitter highlights a mixed backdrop, with headline price targets moving higher but some analysts still flagging meaningful risks around valuation, execution and earnings quality.Narrative Update • Feb 02
SZG: Future Earnings Sensitivity Will Drive Downside Risk Despite Higher Expectations
Our analyst price target for Salzgitter has been lifted from €15.50 to €29.00. This reflects how recent price target increases and upgrades across several banks, along with updated assumptions on revenue growth, profit margins and future P/E multiples, have shifted the overall analyst view.Narrative Update • Jan 18
SZG: Regulatory Protections Will Support Higher Future Earnings Multiples
Analysts have raised their fair value estimate for Salzgitter from €52.00 to €57.00, citing updated Street price targets in the €27.90 to €40.00 range, modest adjustments to the discount rate and growth inputs, and a slightly higher assumed future P/E multiple. Analyst Commentary Recent Street research on Salzgitter shows a mix of views, but the more optimistic voices cluster in a price target range between €27.90 and €40.00, which also anchors the updated fair value estimate.Narrative Update • Jan 04
SZG Regulatory Support Will Drive Higher Earnings Multiples Ahead
Analysts have raised their price target on Salzgitter to EUR 52.00 from about EUR 40.00. They noted improving sentiment on regulatory protections and the potential for higher valuation multiples, even with more cautious assumptions on growth and margins.Narrative Update • Dec 16
SZG: Regulatory Support Will Likely Fail To Justify Elevated Equity Multiples
We are raising our Salzgitter price target by approximately EUR 5 to about EUR 34, as analysts increasingly highlight multi year regulatory support and improving prospects for higher equity multiples, which is reflected in multiple recent rating upgrades and higher Street targets toward EUR 40. Analyst Commentary Recent research updates underscore a shift in sentiment toward Salzgitter, with several firms revising both ratings and target prices as they reassess the companys regulatory backdrop, earnings power, and equity rerating potential.Narrative Update • Dec 02
SZG: Earnings Will Face Challenges From Steel Price Volatility And Regulatory Shifts
Salzgitter’s analyst price target has increased from €27.55 to €29.18, as analysts cite improved profit outlook and positive industry developments as reasons for the raised valuation. Analyst Commentary Recent analyst actions reflect a mix of optimism and caution about Salzgitter's performance and outlook.Narrative Update • Nov 18
SZG: Future Prospects Will Balance Regulatory Stability And Revenue Uncertainties
Salzgitter's analyst price target has been raised from €25.06 to €27.55. This reflects analysts' expectations for improved regulatory conditions and the potential for higher equity multiples.Narrative Update • Nov 03
SZG: Future Gains Will Depend On European Flat-Rolled Steel Price Trends
Analysts have raised the fair value estimate for Salzgitter from €24.31 to €25.06, citing a more favorable long-term outlook. This outlook is supported by recent upgrades and expected benefits from its exposure to European flat-rolled steel prices.Narrative Update • Oct 20
European Measures And Green Steel Will Forge Resilient Future
Salzgitter's updated analyst price target declined from €25.83 to €24.31, with analysts citing shifts in market expectations for European steel prices and modest improvements in profit margin and revenue growth. These positive factors were offset by a higher discount rate and lower future valuation multiples.Narrative Update • Oct 05
European Measures And Green Steel Will Forge Resilient Future
Salzgitter's analyst price target has risen sharply from €22.86 to €25.83, as analysts point to the company’s improving position in European flat-rolled steel markets and sustained expectations for revenue growth, even as modest shifts in profit margin and discount rates are observed. Analyst Commentary Recent commentary from street research highlights diverse perspectives on Salzgitter's outlook.
New Narrative • May 04
EU Measures And Green Steel Production Will Transform Industry Landscape
EU antidumping measures and green initiatives may boost Salzgitter's revenue through higher steel prices and decarbonization efforts.Analysis Article • Nov 14
Salzgitter AG (ETR:SZG) Third-Quarter Results: Here's What Analysts Are Forecasting For Next Year
The third-quarter results for Salzgitter AG ( ETR:SZG ) were released last week, making it a good time to revisit its...Analysis Article • Nov 09
Salzgitter AG (ETR:SZG) Held Back By Insufficient Growth Even After Shares Climb 29%
The Salzgitter AG ( ETR:SZG ) share price has done very well over the last month, posting an excellent gain of 29%. Not...Analysis Article • Sep 11
Health Check: How Prudently Does Salzgitter (ETR:SZG) Use Debt?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Aug 15
Salzgitter AG Just Reported A Surprise Loss: Here's What Analysts Think Will Happen Next
Last week, you might have seen that Salzgitter AG ( ETR:SZG ) released its second-quarter result to the market. The...Analysis Article • May 23
Salzgitter AG's (ETR:SZG) CEO Will Probably Find It Hard To See A Huge Raise This Year
Key Insights Salzgitter to hold its Annual General Meeting on 29th of May CEO Gunnar Groebler's total compensation...Analysis Article • May 08
Investors Don't See Light At End Of Salzgitter AG's (ETR:SZG) Tunnel
You may think that with a price-to-sales (or "P/S") ratio of 0.1x Salzgitter AG ( ETR:SZG ) is a stock worth checking...Analysis Article • Mar 23
Investors Can Find Comfort In Salzgitter's (ETR:SZG) Earnings Quality
Soft earnings didn't appear to concern Salzgitter AG's ( ETR:SZG ) shareholders over the last week. We did some...Analysis Article • Mar 20
Analysts Have Made A Financial Statement On Salzgitter AG's (ETR:SZG) Annual Report
Salzgitter AG ( ETR:SZG ) shareholders are probably feeling a little disappointed, since its shares fell 4.6% to €22.84...Analysis Article • Feb 21
Is There An Opportunity With Salzgitter AG's (ETR:SZG) 22% Undervaluation?
Key Insights The projected fair value for Salzgitter is €31.59 based on 2 Stage Free Cash Flow to Equity Current share...Analysis Article • Jan 30
Salzgitter AG's (ETR:SZG) Earnings Are Not Doing Enough For Some Investors
With a price-to-earnings (or "P/E") ratio of 4.3x Salzgitter AG ( ETR:SZG ) may be sending very bullish signals at the...Analysis Article • Dec 14
Is Salzgitter (ETR:SZG) Weighed On By Its Debt Load?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Oct 06
There Are Reasons To Feel Uneasy About Salzgitter's (ETR:SZG) Returns On Capital
There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a...Analysis Article • Sep 11
Salzgitter (ETR:SZG) Seems To Be Using A Lot Of Debt
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Salzgitter makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 8,997 | 42 | 2,017 | 0 |
| 31 Dec 25 | 8,981 | -74 | 2,013 | 0 |
| 30 Sep 25 | 9,150 | -200 | 2,046 | 0 |
| 30 Jun 25 | 9,433 | -421 | 2,057 | 0 |
| 31 Mar 25 | 9,663 | -401 | 2,065 | 0 |
| 31 Dec 24 | 10,012 | -352 | 2,073 | 0 |
| 30 Sep 24 | 10,112 | -192 | 2,032 | 0 |
| 30 Jun 24 | 10,198 | 21 | 2,043 | 0 |
| 31 Mar 24 | 10,486 | 74 | 1,986 | 0 |
| 31 Dec 23 | 10,791 | 200 | 1,952 | 0 |
| 30 Sep 23 | 11,194 | 330 | 1,985 | 0 |
| 30 Jun 23 | 11,753 | 461 | 1,935 | 0 |
| 31 Mar 23 | 12,186 | 853 | 1,938 | 0 |
| 31 Dec 22 | 12,553 | 1,082 | 1,911 | 0 |
| 30 Sep 22 | 12,531 | 1,060 | 1,860 | 0 |
| 30 Jun 22 | 11,968 | 1,132 | 1,833 | 0 |
| 31 Mar 22 | 11,023 | 874 | 1,818 | 0 |
| 31 Dec 21 | 9,767 | 581 | 1,795 | 0 |
| 30 Sep 21 | 8,828 | 431 | 1,744 | 0 |
| 30 Jun 21 | 7,895 | 96 | 1,708 | 0 |
| 31 Mar 21 | 7,077 | -158 | 1,678 | 0 |
| 31 Dec 20 | 7,091 | -277 | 1,687 | 0 |
| 30 Sep 20 | 7,174 | -452 | 1,762 | 0 |
| 30 Jun 20 | 7,652 | -481 | 1,807 | 0 |
| 31 Mar 20 | 8,337 | -381 | 1,832 | 0 |
| 31 Dec 19 | 8,547 | -241 | 1,855 | 0 |
| 30 Sep 19 | 8,984 | 50 | 1,848 | 0 |
| 30 Jun 19 | 9,187 | 235 | 1,823 | 0 |
| 31 Mar 19 | 9,260 | 305 | 1,797 | 0 |
| 31 Dec 18 | 9,278 | 274 | 1,776 | 0 |
| 30 Sep 18 | 9,108 | 272 | 1,804 | 0 |
| 30 Jun 18 | 8,991 | 261 | 1,803 | 0 |
| 31 Mar 18 | 8,974 | 207 | 1,818 | 0 |
| 31 Dec 17 | 8,990 | 190 | 1,803 | 0 |
| 30 Sep 17 | 8,859 | 142 | 1,760 | 0 |
| 30 Jun 17 | 8,555 | 100 | 1,752 | 0 |
| 31 Mar 17 | 8,391 | 93 | 1,745 | 0 |
| 31 Dec 16 | 7,893 | 42 | 1,739 | 0 |
| 30 Sep 16 | 7,752 | -35 | 1,727 | 0 |
| 30 Jun 16 | 7,993 | -73 | 1,722 | 0 |
| 31 Mar 16 | 8,103 | -54 | 1,713 | 0 |
| 31 Dec 15 | 8,502 | -6 | 1,704 | 0 |
| 30 Sep 15 | 8,686 | 109 | 1,687 | 0 |
| 30 Jun 15 | 8,813 | 145 | 1,693 | 0 |
Quality Earnings: SZG has high quality earnings.
Growing Profit Margin: SZG became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SZG has become profitable over the past 5 years, growing earnings by -44.3% per year.
Accelerating Growth: SZG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SZG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (22.8%).
Return on Equity
High ROE: SZG's Return on Equity (1%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/11 09:25 |
| End of Day Share Price | 2026/06/11 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Salzgitter AG is covered by 23 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Simon Butler | Barclays |
| John Klein | Berenberg |
| Tristan Gresser | BNP Paribas |