Salzgitter FY25 Loss Narrows, Maintains Dividend, Sees Growth In FY26; Stock Drops

Core Viewpoint - Salzgitter AG reported a narrower loss for fiscal 2025 compared to the previous year, despite weak net sales, and maintained its dividend payout [1][4] Financial Performance - The net loss for fiscal 2025 was 74.2 million euros, or 1.37 euros per basic share, down from a loss of 352.2 million euros, or 6.51 euros per basic share, in the previous year [4] - Earnings before interest and taxes (EBIT) improved to 58.6 million euros from a loss of 179.1 million euros last year, with EBIT VX at 88 million euros [4] - EBITDA for the year was 376.3 million euros, down from 445.2 million euros in the previous year, while EBITDA VX was 406.0 million euros [6] - Revenue declined to 8.98 billion euros from 10.01 billion euros, primarily due to lower average steel product prices and the deconsolidation of the stainless tubes group [6] Cost Management and Strategic Focus - The company achieved significant cost-cutting effects in fiscal 2025, with a profit improvement program delivering 129 million euros in additional cost savings [6] - CEO Gunnar Groebler emphasized a focus on cost-cutting, restructuring, and active portfolio measures in response to economic challenges, high energy prices, and trade policy uncertainties [3] Future Outlook - For fiscal 2026, Salzgitter expects revenues around 9.5 billion euros, with EBITDA VX projected between 500 million euros and 600 million euros, and EBT VX between 75 million euros and 175 million euros [7] - The company proposed a dividend payout of 0.20 euros per share, consistent with the previous year [3]