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Salzgitter


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Thyssenkrupp has Plan B for steel if Kretinsky deal should fail, CFO says

EXCLUSIVE-Thyssenkrupp has Plan B for steel if Kretinsky deal should fail, CFO says Thyssenkrupp still focused on joint venture Optimistic regarding talks with Kretinsky's EPCG Thyssenkrupp's steel division and Kretinsky are currently working on a new business plan Will seek talks with other steelmakers should that deal falter By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF, Oct 29 (Reuters) - Thyssenkrupp TKAG.DE is focused on a 50:50 steel joint venture with Czech billionaire Dan
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German steelmaker Salzgitter cuts full-year guidance

UPDATE 1-German steelmaker Salzgitter cuts full-year guidance Adds details, 9m result, impairments Oct 22 (Reuters) - German steelmaker Salzgitter SZGG.DE cut its full-year guidance on Tuesday, reporting a drop in its earnings during the first nine months of 2024 against the backdrop of a sustained weak economic environment. Salzgitter said in a statement it now expects 2024 earnings before interest, taxes, depreciation and amortization (EBITDA) of between 275 million euros ($297.69 million) and
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German steelmaker Salzgitter cuts full-year guidance

German steelmaker Salzgitter cuts full-year guidance Oct 22 (Reuters) - German steelmaker Salzgitter SZGG.DE cut its full-year earnings guidance on Tuesday, citing a weak economic environment. Salzgitter said in a statement it now expects earnings before interest, taxes, depreciation and amortization (EBITDA) of between 275 million euros ($297.69 million) and 325 million euros, down from a previous range of 400 million and 500 million.
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Aurubis up after Manager Magazin reports on stake hike by Dirk Rossmann

BUZZ-Aurubis up after Manager Magazin reports on stake hike by Dirk Rossmann ** Shares in Aurubis NAFG.DE rise 2.7%, adding more than 1 pct point to early morning trade ** Analyst Thomas Schulte-Vorwick at Metzler Capital Markets points to a report about drugstore entrepreneur Dirk Rossman disclosing a 15% stake in the German copper producer ** A r
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JPM cuts ArcelorMittal and Salzgitter as EMEA metal stocks face near-term risks

BUZZ-JPM cuts ArcelorMittal and Salzgitter as EMEA metal stocks face near-term risks ** J.P.Morgan recommends reducing EMEA metals exposure in the near-term to mitigate trade and tariff-related risks ahead of the U.S. presidential election on Nov. 5 ** It says increased protectionism if Donald Trump wins the election could benefit firms with U.S. p
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ArcelorMittal, Barratt Redrow, Croda

EUROPE RESEARCH ROUNDUP-ArcelorMittal, Barratt Redrow, Croda Oct 11 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including ArcelorMittal , Barratt Redrow and Croda on Friday. HIGHLIGHTS * ArcelorMittal SA MT.AS : JP Morgan cuts to neutral from overweight * Barratt Redrow Plc BTRW.L : Citigroup cuts target price to 600p from 615p * Croda CRDA.L : JP Morgan cuts target price to 3875p from 4200p * Jet2 Plc JET2.L : Morgan Stanley raises targe
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Copper producer Aurubis to shun takeovers, rebuild trust, new CEO says

CORRECTED-LMEWEEK-Copper producer Aurubis to shun takeovers, rebuild trust, new CEO says Corrects Oct. 1 story in paragraph 2 to make clear other metals rather than copper were stolen By Eric Onstad LONDON, Oct 1 (Reuters) - Europe's biggest copper producer Aurubis NAFG.DE will shun takeovers and focus on internal projects for the next two years as it seeks to rebuild the trust of its stakeholders after a turbulent period, its new CEO said on Tuesday.
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Energiekontor And Salzgitter Flachstahl Conclude PPAs For Two Solar Park Projects In Mecklenburg-Western Pomerania

BRIEF-Energiekontor And Salzgitter Flachstahl Conclude PPAs For Two Solar Park Projects In Mecklenburg-Western Pomerania Sept 24 (Reuters) - ENERGIEKONTOR AG EKTG.DE : ENERGIEKONTOR AG - SALZGITTER FLACHSTAHL CONCLUDE PPAS FOR TWO SOLAR PARK PROJECTS IN MECKLENBURG-WESTERN POMERANIA ENERGIEKONTOR AG - COMMISSIONING IS CURRENTLY PLANNED FOR MID-2026
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ASOS, JTC, London Stock Exchange

EUROPE RESEARCH ROUNDUP-ASOS, JTC, London Stock Exchange Sept 19 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including ASOS, JTC and London Stock Exchange, on Thursday. HIGHLIGHTS * ASOS Plc ASOS.L : HSBC cuts to reduce from hold * JTC Plc JTC.L : RBC raises target price to 1,100p from 980p * London Stock Exchange LSEG.L : HSBC raises target price to 10,000p from 9,400p * Nordic Semiconductor ASA NOD.OL : Barclays cuts target price to NOK
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Auto File: EVs in reverse and reality catches up with Volvo

Auto File: EVs in reverse and reality catches up with Volvo By Nick Carey , European Autos Correspondent Greetings from London! Volkswagen’s shock announcement last week that it was considering shutting some plants in Germany and thus engaging in a battle with its powerful unions has remained a hot topic, raising questions about the future of Germany’s economic model .
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Alcon, Rockwool, Zealand Pharma

EUROPE RESEARCH ROUNDUP- Alcon, Rockwool, Zealand Pharma Sept 10 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Alcon, Rockwool and Zealand Pharma, on Tuesday. HIGHLIGHTS * Alcon AG ALCC.S : RBC raises to outperform from sector perform * Maersk MAERSKb.CO : JP Morgan resumes coverage with underweight rating; target DKK 8,575 * Rockwool ROCKB.CO : HSBC raises target price to DKK 3,200 from DKK 3,100 * Wizz Air WIZZ.L : JP Morgan cu
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Volkswagen's German battery plant to stay at half capacity amid cost pressures

Volkswagen's German battery plant to stay at half capacity amid cost pressures BERLIN, Sept 6 (Reuters) - Volkswagen's VOWG_p.DE PowerCo battery subsidiary will build just one of two planned production lines at its Salzgitter plant in Germany for now, its works council said, as the sector adjusts to slowing demand for electric vehicles. Group technology chief Thomas Schmall on Thursday showed a staff meeting a slide showing plans for just one production line at the plant totalling 20 gigawatt ho
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Spot prices up on lower German renewable supply

EUROPE POWER-Spot prices up on lower German renewable supply FRANKFURT, Aug 29 (Reuters) - European prompt power prices rose sharply on Thursday, with lower wind and solar generation expected in Germany on the day-ahead. German baseload power for Friday TRDEBD1 was up 5.1% at 114 euros ($126.40) a megawatt hour by 0820 GMT, while the French day-ahead equivalent was up 2.65% at 100.3 euros/MWh.
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Vattenfall And Salzgitter Conclude Electricity Partnership

BRIEF-Vattenfall And Salzgitter Conclude Electricity Partnership Aug 29 (Reuters) - SALZGITTER AG SZGG.DE : THE ENERGY COMPANY VATTENFALL AND THE STEEL AND TECHNOLOGY GROUP SALZGITTER AG ARE PUSHING AHEAD WITH THEIR JOINT GOAL OF DECARBONIZING INDUSTRIAL PRODUCTION PROCESSES A NEW POWER PURCHASE AGREEMENT (PPA) PROVIDES FOR FOSSIL-FREE ELECTRICITY
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Volkswagen's battery targets not 'set in stone', battery chief tells FAS

UPDATE 1-Volkswagen's battery targets not 'set in stone', battery chief tells FAS Adds further detail from interview, background GDANSK/BERLIN, Aug 23 (Reuters) - Volkswagen's VOWG_p.DE goal of building 200 gigawatt hours of battery capacity by 2030 is not "set in stone" and the carmaker will monitor how demand for electric vehicles (EVs) develops, its batteries chief told German newspaper FAS on Friday.
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Citi says weak Q3 for European steel already priced in by consensus

BUZZ-Citi says weak Q3 for European steel already priced in by consensus ** Citi sees earnings weakness in the seasonally soft Q3 for European steel, but expects that to already be taken into consideration by consensus estimates ** It points out that European steel prices have remained resilient amid falling raw material prices, leading to small recovery in spot steel margins ** The brokerage sees recovery in spreads as a "precursor to steel market recovery", which could potentially firm up late
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Admiral, Capgemini, Zurich Insurance Group

EUROPE RESEARCH ROUNDUP- Admiral, Capgemini, Zurich Insurance Group Aug 22 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Admiral, Capgemini and Zurich Insurance Group, on Thursday. HIGHLIGHTS * Admiral ADML.L : Jefferies raises to hold from underperform * Capgemini CAPP.PA : Jefferies cuts target price to EUR 185 from EUR 195 * Glenveagh Properties Plc GLV.I : Jefferies raises to buy from hold * Orsted ORSTED.CO : Deutsche Bank c
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Anglo American, Metro Bank, Synthomer

EUROPE RESEARCH ROUNDUP- Anglo American, Metro Bank, Synthomer Aug 15 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Anglo American, Metro Bank and Synthomer, on Thursday. HIGHLIGHTS * Anglo American AAL.L : Bernstein cuts target price to 2,500p from 2,700p * DNB Bank ASA DNB.OL : Citigroup cuts PT to NOK 208 from NOK 220 * Metro Bank MTRO.L : Peel Hunt raises target price to 60p from 30p * Synthomer SYNTS.L : HSBC cuts target pri
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Thyssenkrupp expects success in coming months regarding warship unit sale

Thyssenkrupp expects success in coming months regarding warship unit sale FRANKFURT, Aug 14 (Reuters) - Thyssenkrupp TKAG.DE is confident that efforts to sell its warship division, either to a consortium of buyers or via a spin-off, will be successful in the "coming months", Chief Executive Miguel Lopez told analysts on Wednesday. Thyssenkrupp Marine Systems (TKMS), which builds submarines and frigates, is currently being prepared for a standalone future, and both Carlyle CG.O and KfW KFW.UL are
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Danske Bank, Lotus Bakeries NV, Vesuvius

EUROPE RESEARCH ROUNDUP-Danske Bank, Lotus Bakeries NV, Vesuvius Aug 13 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Danske Bank, Lotus Bakeries NV and Vesuvius, on Tuesday. HIGHLIGHTS * Abrdn Plc ABDN.L : Morgan Stanley raises target price to 160p from 149p * Danske Bank DANSKE.CO : Morgan Stanley initiates coverage with overweight rating * Lotus Bakeries NV LOTB.BR : Berenberg raises target price to EUR 10,300 from EUR 9,000 *
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