05.10.2022 Salzgitter Aktiengesellschaft  DE0006202005

EQS-News: Salzgitter Aktiengesellschaft: EU Commission declares the funding for Salzgitter AG’s low CO2 steel production permissible


EQS-News: Salzgitter Aktiengesellschaft / Key word(s): Miscellaneous
Salzgitter Aktiengesellschaft: EU Commission declares the funding for Salzgitter AG’s low CO2 steel production permissible

05.10.2022 / 13:02 CET/CEST
The issuer is solely responsible for the content of this announcement.


  • EU approval for state aid obtained
  • Funds of the Federal Republic of Germany and of the Federal State of Lower Saxony may therefore be disbursed
  • Financing of low carbon steel production now close to finalization


Salzgitter. The EU Commission has notified the application of Salzgitter AG concerning the funding of the SALCOS® - Salzgitter Low CO2 Steelmaking transformation program and has therefore declared the state aid measures applied for to be compatible with European law. Another essential precondition for the granting of the requested national funding has thereby now been set in place. Following the signing of an administrative agreement on September 15, 2022 by Minister President Stephan Weil and State Secretary Stefan Wenzel (BMWK) to mark the commitment of the Federal State of Lower Saxony and the Federal Republic of Germany to promoting SALCOS®, the EU Commission's approval has also been obtained.

Pending a positive, conclusive review and decision by the national funding authorities, Salzgitter AG now assumes that, in accordance with the administrative agreement of September 15, 2022, the Federal Government and the Federal State of Lower Saxony will contribute up to € 700 million and up to € 300 million respectively to promoting SALCOS®. Together with the funds already approved by Salzgitter AG in an amount of € 723 million, this would thereby secure financing the first development stage of SALCOS® for implementation by the end of 2025.

As Gunnar Groebler, Chief Executive Officer of Salzgitter AG, stated: “We appreciate this vote of confidence on the part of policy makers. Substantial public funding and our own considerable funds enable us in our pioneering role to accelerate industrial decarbonization in Europe. Yesterday’s EU decision shows that we are on the right track with our “Salzgitter AG 2030”, and that we will stay the course also in difficult times.”

SALCOS® is aimed at converting steel production at Salzgitter into low carbon crude steel production in three stages over the period up until 2033. The first stage with a crude steel capacity of 1.9 million tons a year is scheduled to go live as early as the end of 2025. As part of the full transformation, two direct reduction plants and three electric arc furnaces will be built and will then incrementally replace the blast furnaces and converters. The transformation will enable the steel production that was formerly based on coking coal to be replaced by a new hydrogen-based route. Approximately 95 % of the annual carbon emissions totaling around 8 million tons are to be saved, thereby avoiding approximately 1 % of Germany’s carbon emissions.


Salzgitter AG contact:

Thorsten Möllmann

Head of Global Group Communications and Branding

Tel.: + 49 (0)5341 21 2300

email: [email protected]



Olaf Reinecke

Global Group Spokesman

Tel.: +49 (0)5341 21 5350

email: [email protected]



Salzgitter AG ranks as one of Germany’s leading steel and technology groups.

As a pioneer in the circular economy, we focus on sustainable innovation and on transforming products and processes in the business units of Steel Production, Steel Processing, Trading and Technology.

With our Salzgitter AG 2021" strategy and anchored in the principle of “Pioneering for Circular Solutions”, we are setting new benchmarks in the industry. Our aspirations are realized through strong initiatives and programs such as SALCOS® - Salzgitter Low CO2 Steelmaking. Through partnerships and in networks, we are actively driving the process of development towards a circular economy.

With around 25,000 employees worldwide at 150 national and international subsidiaries and associate companies, we live up to our global aims for growth, profitability and our pioneering position. In the financial year 2021, we generated external sales of around € 10 billion, with a crude steel capacity of 7 million.


More information is available at: People, Steel and Technology | Salzgitter AG (salzgitter-ag.com)

Markus Heidler

Head of Investor Relations

Salzgitter AG
Eisenhüttenstraße 99
38239 Salzgitter

Phone +49 5341 21-6105
Fax +49 5341 21-2570
E-Mail [email protected]

05.10.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Salzgitter Aktiengesellschaft
Eisenhüttenstraße 99
38239 Salzgitter
Phone: +49 5341 21-01
Fax: +49 5341 21-2727
E-mail: [email protected]
Internet: www.salzgitter-ag.de
ISIN: DE0006202005
WKN: 620200
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1457449

End of News EQS News Service

1457449  05.10.2022 CET/CEST


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 8.990,20 9.278,20 8.547,30 7.090,80 9.767,40 12.553,30 10.790,50
EBITDA1,2 707,20 797,20 354,20 176,00 1.261,60 1.617,80 677,00
EBITDA-Marge3 7,87 8,59 4,14 2,48 12,92 12,89
EBIT1,4 316,80 412,60 -187,50 -119,00 753,20 1.312,00 355,10
EBIT-Marge5 3,52 4,45 -2,19 -1,68 7,71 10,45 3,29
Jahresüberschuss1 193,60 277,70 -237,30 -273,90 586,10 1.085,40 204,10
Netto-Marge6 2,15 2,99 -2,78 -3,86 6,00 8,65 1,89
Cashflow1,7 273,70 527,80 250,70 18,30 329,40 596,50 892,00
Ergebnis je Aktie8 3,35 5,06 -4,46 -5,13 10,74 20,00 3,70
Dividende8 0,45 0,55 0,00 0,00 0,75 1,00 0,30
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Ernst & Young

WKN Kurs in € Einschätzung Börsenwert in Mio. €
620200 18,310 Kaufen 1.100,38
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
8,72 11,04 0,79 4,99
0,23 1,23 0,10 4,62
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
1,00 0,45 2,46 29.05.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
13.05.2024 12.08.2024 11.11.2024 15.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-19,36% -25,58% -34,61% -45,60%
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