Salzgitter AG
packaging and filling systems | |
Revenue | €10.791 billion (2023) |
---|---|
€251.4 million (2023) | |
€200.1 million (2023) | |
Total assets | €8.689 billion (2023) |
Total equity | €4.835 billion (2023) |
Number of employees | 25,183 (average, 2023) |
Website | www.salzgitter-ag.de |
Salzgitter AG is a German company, one of the largest steel producers in Europe with an annual output of around seven million tonnes.
With over 100 subsidiaries and associated companies, the Group is structured in four business units – Steel Production, Steel Processing, Trading and Technology – under the umbrella of a management holding company.[1]
Activities
The group's principal activity is to manufacture steel and associated products. The products include heavy profile steel sheets, hot-rolled wide strips and steel strips, heavy and medium weight plates, and sheet steel. The company also owns 29.99% of Aurubis which is the largest copper producer in Europe and as well the largest copper recycler worldwide.
History
The history of the company goes back to 1858, when in Peine the Ilseder Hütte started. The company was part in 1937 as Reichswerke Hermann Göring,[2][3][4][5][6][7] which went on to become the largest German economic enterprise in the
along withIn 1970, Salzgitter AG merged with the mining company Ilseder Hütte,[6][7] which was founded in 1858 in the Hanover area in Germany to manufacture pig iron from the ore discovered in the area between Hanover and Magdeburg. The initial shareholders of Ilseder Hütte were primarily local landowners and merchants. In the 1920s the company was involved in coal mining in Westphalia to safeguard the supplies of coal required for pig iron manufacturing. The company grew through a number or mergers and acquisitions, but was hit by the economic crisis of the 1970s and became state owned through the merger with Salzgitter AG.[9]
In 2007, Salzgitter bought Kloeckner-Werke with its filling and packaging business KHS, as part of its strategy to enter into new industrial sectors. One year later Salzgitter took over SIG Beverages from the Switzerland-based
In December 2008 Salzgitter AG moved up from the MDAX index to the DAX index of top 30 German companies. It was demoted back to the MDAX in June 2010. Since 2019, Salzgitter AG is part of the small-cap SDAX index.[citation needed]
Finances
The key trends for Salzgitter AG are, as of each financial year:[12]
Year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Total revenue (€ mn.) | 8,990 | 9,278 | 8,547 | 7,091 | 9,767 | 12,553 | 10,791 |
Net profit (€ mn.) | 136 | 273 | −378 | −292 | 546 | 1,060 | 146 |
Total Assets (€ mn.) | 8,318 | 8,757 | 8,618 | 8,237 | 10,255 | 11,103 | 10,502 |
Number of employees | 25,074 | 25,363 | 25,227 | 24,416 | 24,255 | 24,569 | 25,183 |
Ownership
The largest shareholders in December 2023 were:[13]
Holder | Share |
---|---|
State of Lower Saxony | 26.5% |
GP Günter Papenburg AG | 25.1% |
Institutional investors | 20.9% |
Private investors | 14.1% |
Salzgitter AG | 10% |
Other investors | 3.4% |
Controversy
In 2019, Germany’s
See also
References
- ^ "Business Units". Salzgitter AG. Retrieved 21 March 2024.
- ^ a b c
Neumann, Klaus.
Shifting memories: the Nazi past in the new Germany,
University of Michigan Press 2000, pp. 18–40.
ISBN 0-472-11147-7
- ^ a b
Wengenroth, Ulrich.
The Rise and Fall of State-Owned Enterprise in Germany,
in Toninelli, Pierangelo Maria: The Rise and Fall of State-Owned Enterprise in the Western World,
Cambridge University Press 2000, pp. 103–127.
ISBN 0-521-78081-0
- ^ "Germany: Goring's Legacy". Time. 15 December 1965. Retrieved on 13 December 2009.
- ^ "Riskanter Kurs Archived 27 June 2012 at the Wayback Machine" (in German). Die Zeit. 3 February 1989, No. 6. Retrieved on 13 December 2009.
- ^ a b Salzgitter AG – eine Stadt für den Stahl (in German). NDR online. 17 March 2009. Retrieved on 13 December 2009.
- ^ a b "Company History: Salzgitter AG". Answers.com. Retrieved on 13 December 2009.
- ^
Overy, Richard J.
War and economy in the Third Reich,
Oxford University Press, Clarendon Press, 1995, pp. 144–174.
ISBN 0-19-820599-6
- ^ de:Ilseder Hütte
- ^ Patton, Dominique (16 January 2008). "Salzgitter to buy SIG Beverages unit". Benerage Daily. Retrieved 1 November 2023.
- ^ "Plasmax included in acquisition of SIG Beverages / Further development of coating process". Plasteurope. 3 June 2008. Retrieved 1 November 2023.
- ^ "Salzgitter AG Umsatz, Kennzahlen, Bilanz/GuV". finanzen.net.
- ^ "Aktionärsstruktur". Salzgitter AG (in German). Retrieved 19 March 2024.
- ^ Arno Schuetze (12 December 2019), German antitrust watchdog fines Thyssen, Salzgitter, Voestalpine Reuters.