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14 May
01:00

Salzgitter returns to profit in first quarter but anticipates difficult year

Germany’s Salzgitter AG returned to profit year-on-year in the January-March period with its highest quarterly profit since 2011. The company remains cautious in its outlook however, and anticipates “… a relatively restrained economic recovery” for 2015. During the reporting period, turnover remained virtually unchanged y-on-y at €2.288 billion ($2.604 billion), while earnings before taxes of €51.8 million marked a clear re…
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