SALZGITTER (dpa-AFX) - German steel producer Salzgitter Group (SZGPF.PK, SZGPY.PK) said that it currently anticipates 2019 profit before taxes to be upper end of the prior range of 125 million euros - 175 million euros.
Despite the unstable economic situation, revising the forecast would be premature at present, the company said in a statement. 'At the same time, we are currently anticipating a result more in the upper end of the range,' the company said.
The company reported that its preliminary profit before taxes for the first-quarter rose to 125.9 million euros from last year's 95.9 million euros.
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