India, July 17 -- Salzgitter Group (SZGPF.PK,SZGPY.PK), a German steel manufacture, reported that its preliminary external sales for the second quarter declined to 2.3 billion euros from 2.6 billion euros last year. EBITDA declined significantly to 38.2 million euros from last year's 107.3 million euros last year. Quarterly earnings before taxes was negative 56.5 million euros compared to a negative 5.7 million euros last year. These preliminary figures came in below analyst consensus.
The company said it does not expect any notable recovery in the market during the second half of 2025. Taking into account the ramp-up of its profit improvement program P28 and the impact of ongoing restructuring measures, the company has adjusted its full-y...