{
  "id": 19642801,
  "title": "Earnings call transcript: Salzgitter’s 9M 2026 results show stronger cash, costs",
  "url": "https://urgent.news/2026/11/12/earnings-call-transcript-salzgitters-9m-2026-results-show-stronger",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-12T11:20:32.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/transcripts/earnings-call-transcript-salzgitters-9m-2026-results-show-stronger-cash-costs-93CH-5021036"
  },
  "original_language": "en",
  "account": "Salzgitter's first nine months of 2026 showcased stronger sales, higher profitability, and better cash discipline, while management maintained its full-year outlook and confirmed the timeline of its low-carbon steel project. The German steelmaker disclosed sales of approximately 7.3 billion euros, an increase of around 500 million euros compared to the previous year, and an EBITDA of 660 million euros. The company's stock saw a 2.52% rise in premarket trading, moving from $50.68 to $52.20. Sales grew due to the full consolidation of HKM and higher steel prices, with EBITDA VX supported by Aurubis, steel production, trading, and technology. The net financial position improved to negative 700 million euros by September 30, surpassing expectations. Salzgitter's P28 cost-cutting program achieved 146 million euros in savings, exceeding its 122 million euro annual target. The company's low-carbon steel project, SALCOS, remains on schedule for a late-summer 2027 ramp-up. Management characterized 2026 as a year of transformation, with the nine-month results reflecting this shift. Sales reached 7.3 billion euros in 9M 2026, up about 500 million euros year over year. EBITDA VX stood at 660 million euros for the nine months. The net financial position at the end of September was negative 700 million euros, improving from earlier expectations. P28 cost savings amounted to 146 million euros, surpassing the 122 million euro full-year target. SALCOS funding totaled 320 million euros, most received or due through 2026. Expected operational cash flow for the full year 2026 was around 500 million euros. The company anticipates capex between 650 million euros and 1 billion euros for 2026, with a guidance range of 800 million euros to 1 billion euros for 2027. Full-year 2026 EBITDA forecasts range from 575 million euros to 650 million euros, with a net financial position target of approximately negative 750 million euros.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}