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02 Mar
00:00

Germany's Salzgitter group cuts pre-tax loss by almost 500m

German-based Salzgitter says it has improved its pre-tax loss by almost €500 million in the financial year 2014 to a loss of €15.2m, up from a negative €482.8m in the previous year. The result was “close to breakeven” thanks to the group-wide ‘Salzgitter AG 2015’ restructuring programme, and in particular, the turnaround at Peiner Träger and sustained positive earnings at Salzgitter Mannesmann Precision Group. Weaker…
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