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Salzgitter's sales revenues up 37.7% in 2021, greater revenue for 2022 expected-Pumao steel

2022-03-23 | Pumao

Germany-based steelmaker Salzgitter Group has announced its monetary outcomes for 2021.

The business posted a net revenue of EUR586.1 million for in 2015, compared to a bottom line of EUR273.9 million in 2020, while the firm's sales incomes amounted to EUR9.76 billion, up by 37.7 percent year on year. The business's EBITDA in the provided duration rose to EUR1.26 billion compared to EUR176.1 million in the previous year.

At the same time, the firm's unrefined steel manufacturing amounted to 6.75 million mt in 2021, up by 11.8 percent year on year.

The business stated that it anticipates to be able to commence hydrogen-based steel production as early as completion of 2025 and it aims to totally carry out hydrogen-based manufacturing by 2033.

When it comes to 2022, the company anticipates its sales revenue to be EUR11 billion and also pre-tax earnings to be between EUR600 million and EUR750 million.

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