Salzgitter AG 2009 AR2
The report highlights Salzgitter AG's performance during the challenging financial year of 2009, which was heavily impacted by the global economic crisis. Despite a significant decline in crude steel production and a consolidated pre-tax loss of €496.5 million, the company maintained a strong financial position with €1.95 billion in cash and cash equivalents. Salzgitter AG successfully implemented a Profit Improvement Program and short-term measures that achieved €268 million in cost savings. Additionally, the company continued its strategic investments, including the 'Salzgitter Steel 2012' and 'Power Plant 2010' programs, and secured a major contract package for the Nord Stream pipeline project.
Company: Salzgitter AG
Sector: Manufacturing
Country: Germany
Year: 2009
Type: AR2
Pages: 251
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Salzgitter AG
Annual Report
The report highlights Salzgitter AG's performance during the challenging financial year of 2009, which was heavily impacted by the global economic crisis. Despite a significant decline in crude steel production and a consolidated pre-tax loss of €496.5 million, the company maintained a strong financial position with €1.95 billion in cash and cash equivalents. Salzgitter AG successfully implemented a Profit Improvement Program and short-term measures that achieved €268 million in cost savings. Additionally, the company continued its strategic investments, including the 'Salzgitter Steel 2012' and 'Power Plant 2010' programs, and secured a major contract package for the Nord Stream pipeline project.
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Document Details
Report Year
2009
Reporting Period
Jan 1, 2009 - Dec 31, 2009
Fiscal Year
2009
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees