Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Salzgitter AG is a leading German steel and technology corporation, recognized as one of Europe's largest steel producers with an annual crude steel capacity of around seven million tons. Headquartered in Salzgitter, the company operates through four core business units: Steel Production, Steel Processing, Trading, and Technology, supported by over 130 subsidiaries and affiliated companies worldwide. Its Steel Production unit manufactures high-quality branded steel, special steels, hot-rolled wide strips, heavy plates, and sections, while Steel Processing focuses on line pipes, precision tubes, and tailored products. The Trading division manages a robust European sales network for efficient global distribution, and the Technology segment provides machinery for filling, packaging, shoe manufacturing, and elastomer production. Salzgitter AG also holds a significant stake in Aurubis, Europe's top copper producer and recycler. Committed to sustainability, it advances low-CO2 steelmaking via the SALCOS® program and emphasizes resource efficiency, innovation, and workforce development. With a history tracing back to 1858, the group employs over 25,000 people and plays a pivotal role in industries like automotive, construction, and energy through rolled steel, tube products, and engineering solutions.
The business is unprofitable at the operating level (-1.68% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 10.3% YoY. The question is whether this is cyclical or a structural shift.
Negative free cash flow of -€566M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
€9.00B
▼ -10.3% YoY
Net Income (TTM)
€47M
▲ +79.9% YoY
Op. Margin
-1.35%
▼ -0.4pp YoY
ROIC
-1.85%
▼ -0.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€441M
▼ -1.0% YoY
Op. Cash Flow (TTM)
€359M
▲ +183.1% YoY
Net Debt
€1.16B
Cash & Equiv.
€1.06B
3Y CAGR: -10.6%
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