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Salzgitter

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Salzgitter reports drop in second-quarter EBITDA

Salzgitter reports drop in second-quarter EBITDA July 19 (Reuters) - German steel group Salzgitter SZGG.DE reported a 23% drop in second-quarter EBITDA compared to the same period last year, the company said on Friday. Earnings before interest, taxes, depreciation and amortisation came in at 107.2 million euros ($116.72 million), compared to 139.3 million euros last year, it said.
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Salzgitter Group Q2 Sales Eur 2.6 Bln Vs. Eur 2.9 Bln Yoy

BRIEF-Salzgitter Group Q2 Sales Eur 2.6 Bln Vs. Eur 2.9 Bln Yoy July 19 (Reuters) - SALZGITTER AG SZGG.DE : GROUP DELIVERS BREAKEVEN IN ITS PRE-TAX RESULT IN THE FIRST HALF OF 2024 ACCORDING TO PRELIMINARY FIGURES NOW AVAILABLE, SALZGITTER GROUP GENERATED EXTERNAL SALES OF EUR 5.2 BILLION (H1 2023: EUR 5.8 BILLION) EARNINGS BEFORE INTEREST, TAXES,
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China stats, lower iron ore prices weigh on European steelmakers

BUZZ-China stats, lower iron ore prices weigh on European steelmakers ** Shares in European steelmakers fall on Tuesday dragged by "weak Chinese stats and lower iron ore prices," analysts say ** Iron ore futures retreated on Tuesday as investors and traders grew wary of prospects of forceful stimulus from top consumer China from its third plenum fo
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Britvic, Burberry, Prudential

EUROPE RESEARCH ROUNDUP-Britvic, Burberry, Prudential July 16 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Britvic, Burberry, and Prudential, on Tuesday. HIGHLIGHTS * Auction Technology Group ATG.L : RBC initiates coverage with sector perform rating; PT 540p * Britvic BVIC.L : HSBC raises target price to 1290p from 1100p * Burberry BRBY.L : JP Morgan cuts target price to 800p from 1050p * Prudential PRU.L : JP Morgan cuts target
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Jefferies cautious on steel firms' Q2, sees demand pick-up in 2025

BUZZ-Jefferies cautious on steel firms' Q2, sees demand pick-up in 2025 ** Jefferies remains cautious into European steel sector's Q2 reporting season and says demand recovery might be pushed to 2025 ** It says steel prices are close to the bottom, and expects infrastructure related demand to pick up in late H2 2024 or in 2025, after the U.S. presidential election ** Thus it expects outlook commentary into Q3 to be cautious ** Jefferies' top picks are still ArcelorMittal MT.LU in Europe, and Cle
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