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The stock markets developed very favorably overall in 2017. Having already performed well in 2016, the leading indices climbed in the first months through to June and reached new interim highs, driven by healthy economic indicators and upside price potential in connection with the presidential elections in the US and France. In the summer quarter, concerns about interest rates and the growing dispute between the US and North Korea dampened sentiment and triggered a phase of consolidation. This was followed by a second bull market phase that lasted through to the end of the year, enabling the DAX to close for the first time ever above 13,000 points in October. All in all, the DAX and the MDAX rose by 13% and 18% respectively in 2017.
The Salzgitter share developed very well in 2017 though with a great deal more volatility compared with the overall market. Starting from a closing price of € 33.55 at year-end 2016, it initially rose sharply until the end of February, driven mainly by the recovery of Europe’s strip steel market and the Chinese government’s announcement of taking more concerted action to combat surplus capacities. Similar to other steel equities, a phase of consolidation subsequently set in that lasted until mid-April, followed by a sustained uptrend through to the end of the year. On December 28, our share was trading at a multi-year high of € 48.57, before closing at € 47.60 at the end of the year. This translates into a very gratifying performance of 42% for the year 2017.
SZAG’s portfolio of treasury shares amounted to 6,009,700 units as per December 31, 2017, and is unchanged from December 31, 2016.
|Divisions:||Strip Steel, Plate/Sections, Mannesmann, Trading, Technology|
|Financial year-end:||December 31|
|Stock market abbreviation||SZG (Deutsche Börse, Bloomberg) SZGG (Reuters)|
|German Securities Identification||620 200|
|Trading segment:||Prime Standart|
|CDAX sector code:||Basic Resources|
|Secondary Public Offering:||June 2, 1998|
|Transferred to MDAX:||June 21, 2010|
|Nominal capital:||Euro 161.615.273,31 (seit 30.09.2005)|
|Nominal capital in shares:||60.097.000 (per 07.08.2008)|
|Autorized capital:||Euro 161.615.273,31 (seit 30.09.2005)|
|Stock markets:||Frankfurt (Parkett, Xetra; official market) Hannover (Heimatbörse; official market) Other markets (OTC; Bremen deactivated)|