30.08.2023 Salzgitter Aktiengesellschaft  DE0006202005

EQS-News: Salzgitter Aktiengesellschaft: (Re)financing deal sealed for green steel production and general corporate financing


 

EQS-News: Salzgitter Aktiengesellschaft / Key word(s): Financing
Salzgitter Aktiengesellschaft: (Re)financing deal sealed for green steel production and general corporate financing

30.08.2023 / 10:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


  • Salzgitter AG to receive € 1.03 billion in refurbished syndicated loan
  • ESG rendezvous clause being introduced

Salzgitter Klöckner-Werke GmbH, a wholly owned subsidiary of Salzgitter AG (“the Salzgitter Group”), has entered into a revamped € 1.03 billion syndicated loan agreement. The company’s existing € 560 million credit line was raised to € 680 million, with a new € 350 million guarantee facility baked into the contract as well.

The loan has a five-year term that can be extended twice, by a further year each time. The new facilities are replacing a € 560 million syndicated financing concluded back in 2017.

An ESG rendezvous clause is currently in the works; it will make the agreement the Salzgitter Group’s first-ever sustainability-linked loan.

“We have committed ourselves to our chosen path towards reaching our decarbonization goals and will be investing over € 2 billion in the first SALCOS® expansion stage alone. We are thankful not only for the roughly € 1 billion in subsidies from the federal and state governments but also for the fact that our core banks are also pitching in, from the debt financing side, to help make our steel production more sustainable”, says Salzgitter AG CEO Gunnar Groebler.

According to Salzgitter AG CFO Burkhard Becker, “Our new syndicated financing is a very strong pillar in our financial strategy. The higher volume will give us further flexibility as we make the transformation towards green steel production.”

The financing was arranged by Bayerische Landesbank, BNP Paribas S.A. Niederlassung Deutschland, Commerzbank Aktiengesellschaft, Deutsche Bank AG, Norddeutsche Landesbank – Girozentrale and UniCredit Bank AG, and was syndicated to these and other banks. Commerzbank Aktiengesellschaft also acted as documentation and facilities agent. Deutsche Bank AG is organizing the sustainability/ESG component for the Salzgitter Group.

 


Contact:
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]


30.08.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - 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
Germany
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: 1714187

 
End of News EQS News Service

1714187  30.08.2023 CET/CEST

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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

INVESTOR-INFORMATIONEN
©boersengefluester.de
Salzgitter
WKN Kurs in € Einschätzung Börsenwert in Mio. €
620200 19,100 Kaufen 1.147,85
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
9,10 11,12 0,82 5,20
KBV KCV KUV EV/EBITDA
0,24 1,29 0,11 4,69
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
1,00 0,45 2,36 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
-17,31% -23,01% -31,79% -46,35%
    
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