Saltzgitter reports strong first-quarter performance, maintaining the upwardly revised 2026 earnings guidance.

Investing.com – Salzgitter AG (XETRA:SZG) announced its Q1 2026 earnings on Tuesday, April 21, with EBITDA reaching €280 million, well above the market consensus of €147 million.

The company’s pre-tax profit reached €179 million, compared to the previous market expectation of only €48 million.

The strong performance in the first quarter was mainly driven by its subsidiary Aurubis, which contributed €147 million in profit, a significant increase from €48 million in Q1 2025. The steel production division contributed €89 million, with the trading and technology divisions also making respective contributions.

Salzgitter maintained its previously upgraded EBITDA guidance range for 2026, which is between €625 million and €725 million, up from the previous range of €500 million to €600 million.

The company also maintained its pre-tax profit guidance range of €200 million to €300 million, up from the previous €75 million to €175 million. The above guidance excludes the impact of the HKM acquisition and changes in the valuation of convertible bonds.

The company expects that, supported by profit margin improvements driven by EU safeguard measures, the steel production division’s pre-tax profit in 2026 will be higher than in 2025. Despite relatively weak recovery in EU and German steel demand, Salzgitter still anticipates a moderate improvement in its special steel business.

In the steel processing division, Salzgitter expects pre-tax profit to increase, with the heavy plate business likely to maintain satisfactory capacity utilization in the first half of 2026. The company’s overall sales volume and capacity utilization are also expected to improve.

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