Germany-based steelmaker Salzgitter Group has announced its financial results for the second quarter and the first half of the current year, stating that the company closed the first half with a significant year-on-year improvement in its pre-tax result approaching breakeven.
In the second quarter, Salzgitter posted a net loss of €2.6 million, compared to a net loss of €298.6 million in the corresponding quarter of 2013, while the company registered a net loss of €15.9 million in the first half of the current year, compared to a net loss of €315.7 million in the same period of the previous year.
Salzgitter's sales revenues amounted to €2.5 billion in the second quarter, decreasing slightly year on year, while in the first half the company's sales revenues decreased by nine percent year on year to €4.55 billion.
According to Salzgitter's statement, based on the planning of the individual business units and taking account of significant effects from measures and structural improvements under the "Salzgitter AG 2015" program, the company anticipates sales of almost €10 billion at the end of the current year.
