Diversified Revenue StreamsSalzgitter's mix of flat, long and tubular steel plus trading and engineering services exposes it to multiple end markets (automotive, construction, energy). This structural diversification reduces reliance on a single sector and supports more resilient revenue across cycles.
Manageable Leverage And Equity BufferDebt levels are moderate for a cyclical steel company and equity has grown versus 2020, providing a stronger capital cushion. This durable balance-sheet profile helps absorb industry downturns, preserve access to financing, and sustain strategic investments over the medium term.
Operating Cash Flow RecoveryA recovery in operating cash flow to ~835M TTM indicates core operations can generate meaningful cash even while margins and FCF lag. Sustained OCF supports working capital needs and funds operational resilience, giving management time to address profit and FCF weaknesses.