Salzgitter Ag Akt Shs (SZGPF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to the Sal's Gitter nine-month results conference call. For the first part of the call, participant will be in listen-only mode. During the question and answer session, participants will be able to ask questions by dialing pound key five on their telephone keypad. I would now like to hand the call over to Birgit Petrovsky, CFO of Sal's Gitter AG and Marcus Heidler, Head of Investor Relations. Please go ahead. Yes, good morning, ladies and gentlemen. Welcome to our nine-month conference call. We have quite some nice information to deliver to you. Since we last met in August, a lot has happened in our industry. The most impactful news is definitely the new trade defense instrument proposed by the EU Commission just a few weeks ago. If it were to be implemented as presented, It would bring imports back to levels from a decade ago and thus strengthen the long-term viability of the steel production in the EU. International trade uncertainty has persisted over the summer and in some areas new trade turmoil arose. Last Thursday, there was a steel summit in Berlin to discuss ways to improve the competitiveness of steel production in Germany. it is very encouraging that there was broad agreement between federal government, industry, and unions on three main areas that have to be addressed quickly. First, trade protection. Second, an industrial electricity price. And third, green lead markets. We are particularly pleased With that now, the German federal government also supports the trade defense measures recently proposed by the EU Commission. What has not changed is that general economic conditions have hardly improved since the beginning of the year. Against this background, let us look at the results of the first nine months of 2025. Unsurprisingly, sales...