Ad-hoc | 30 December 2014 17:01
Salzgitter AG / Key word(s): Miscellaneous
30.12.2014 17:01
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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EUROPIPE GmbH, a 50/50 joint venture of the Salzgitter Group an AG der
Dillinger Hüttenwerke, today received an instruction from Amsterdam-based
South Stream Transport B.V. to halt the production of steel tubes for the
South Stream pipeline until further notice, expected at least until
February 19.
The financial consequences for the Salzgitter Group cannot be quantified
exactly yet. Europipe GmbH and our wholly-owned subsidiary Salzgitter
Mannesmann Grobblech GmbH, which supplies some of the plates, are
endeavoring to minimize the reduction in capacity utilization that this
creates. Our current estimate nevertheless suggests that the charge on
Salzgitter consolidated earnings will comprise a low double-digit euro
amount.
Contact:
Markus Heidler
Head of Investor Relations
Salzgitter AG
Eisenhüttenstraße 99
38239 Salzgitter
Phone +49 5341 21-6105
Fax +49 5341 21-2570
E-Mail ir@salzgitter-ag.de
30.12.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Salzgitter AG
Eisenhüttenstraße 99
38239 Salzgitter
Germany
Phone: +49 5341 21-01
Fax: +49 5341 21-2727
E-mail: info@salzgitter-ag.de
Internet: www.salzgitter-ag.de
ISIN: DE0006202005
WKN: 620200
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hannover;
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of Announcement DGAP News-Service
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