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Trends on the stock markets were generally favorable in 2016. The downturn in oil and gas prices, as well as concerns about China’s economic development, triggered a price correction at the start of the year. From February onward, a counter trend set in – also triggered by several central bank decisions – that partly made up for the losses previously reported. Subsequently, prices trended sideways, a development that persisted through until November with the exception of the short-lived turbulence in the wake of the Brexit referendum. Following the elections in the US, the stock markets experienced a another bull market phase that held steady until the end of the year and beyond and lifted the overall performance of the DAX and MDAX by +7 % respectively in 2016.
The Salzgitter share also performed generally very well over the course of 2016. Starting from a closing price of € 22.73 at year-end 2015, the share initially dropped to € 16.81 on February 9 due to the generally negative market sentiment. Upon the implementation of the EU Commission’s first trade defense measures to stem the flood of imports, and the positively received key data for the financial year 2015 that impressively reflected the effectiveness of the “Salzgitter AG 2015” program, the share price rose through to the end of April. Following a phase of profit taking throughout the second quarter, July brought an uptrend that lasted beyond the end of the year on the back of improved framework conditions and prospects of the European steel market. Based on a closing price of € 33.55, the overall performance of the Salzgitter share came in at 48 % for the full-year 2016.
The average daily turnover of our share on the German stock markets stood at 374,000 shares in 2016. With an accumulated trading volume of € 3.1 billion, Salzgitter AG (SZAG) took 30th place in the MDAX ranking of Deutsche Börse AG on December 30, 2016. A free float market capitalization of approximately € 1.3 billion placed the company in 46th place measured by this criterion.
SZAG’s portfolio of treasury shares amounted to 6,009,700 units as per December 31, 2016, and is unchanged from December 31, 2015.
|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)|