In the quarter, the company posted a net profit of 81.9 million euros, compared with a net loss of 34.6 million euros in the same quarter of the previous year, and its sales revenue was 2.35 billion euros, an increase of 0.7 percent year-on-year due to lower trading volume and prices. In addition, Salzgitter's EBITDA fell to 195.9 million euros in the first quarter, compared with 78.6 million euros in the same quarter of 2025. In addition, the company stated that the first quarter of this year was shaped by geopolitical and trade tensions, as well as persistently weak economic momentum.
Meanwhile, steel production in Salzgitter totaled 1.57 million tons in the first quarter, an increase of 1.1 percent year-on-year.
For the full year, the company expects its sales revenue to be around 9.5 billion euros.
According to Birgit Potrafki, Salzgitter's chief financial officer, the start of fiscal year 2026 was encouraging, despite the ongoing geopolitical challenges, noting that all business units contributed to the improved profit performance. According to the statement, one of the key factors contributing to the higher results was the company's P28 efficiency improvement program, which allowed additional savings of 43 million euros.
Ms. Potrafki emphasized that the company's participation in Aurubis AG made the greatest contribution to profit growth, which was facilitated by exceptionally strong results due to high prices for precious metals. In addition, the company reported a significant improvement in its net financial position since the beginning of the year. Potrafki added that the successful start to the 2026 fiscal year increased confidence about the prospects for the rest of the year and prompted the company to revise its profit forecast upward.
