Germany-based steelmaker Salzgitter Group has announced its preliminary financial results for the first quarter of the current year. The company's pre-tax loss amounted to €8.7 million in the first quarter, compared to a pre-tax loss of €16.1 million in the corresponding quarter of the previous year. Salzgitter's consolidated external sales decreased by 4.2 percent year on year to €2.3 billion.
Salzgitter's 2014 guidance remains unchanged, with a significant increase in the pre-tax results approximating breakeven anticipated in the current year.
Source:
http://www.steelorbis.com/steel-news/latest-news/salzgitters-pre_tax-loss-narrows-down-in-q1-827855.htm
