Salzgitter stock enters CFO transition as Jefferies keeps Buy view

Salzgitter stock (ISIN DE0006202005) was trading at EUR 51.28 at Lang & Schwarz on September 30, 2026, up 0.39 percent from the prior close of EUR 51.08. The immediate corporate marker is a finance leadership transition, while Jefferies continues to support the shares with a Buy rating and a EUR 66.00 target.

CFO succession sets the next marker

Reuters reported on September 11, 2026, that Chief Financial Officer Birgit Potrafki will leave when her contract expires on January 31, 2027, and that Christoph Martin has been named her successor. The change gives investors a concrete management date while Salzgitter continues its steel and technology transformation.

Salzgitter describes its business as spanning steel production, steel processing, trading and technology. Its SALCOS program targets nearly carbon-free steelmaking by 2033, linking the leadership transition to a capital-intensive industrial strategy.

Revenue slips while the loss narrows

finanzen.ch reported that Salzgitter published results for the quarter ended June 30, 2026, on August 11, 2026. Revenue declined 3.96 percent year over year to EUR 2.24 billion from EUR 2.34 billion, while EPS improved to a loss of EUR 0.75 from a loss of EUR 1.02.

The figures show a mixed operating picture: the revenue comparison remains negative, but the per-share loss narrowed by EUR 0.27 year over year. That contrast leaves steel pricing, customer inventories and margin delivery as the next earnings questions.

Jefferies keeps target above the market

According to MarketScreener on September 23, 2026, Jefferies retained its Buy rating and EUR 66.00 price target. The target lies 28.71 percent above the Lang & Schwarz price of EUR 51.28, a quantified gap that keeps the analyst view materially more optimistic than the current quote.

Jefferies analyst Cole Hathorn linked the view to customer inventory destocking nearing completion and the prospect of higher European steel prices after consolidation in September and October. The report also pointed to potential margin expansion despite subdued demand, making the next reported operating result the key test of that thesis.

Morning quote and valuation

At Lang & Schwarz, Salzgitter stock was trading at EUR 51.28 on September 30, 2026, at 9:30 a.m. CEST, up 0.39 percent versus the prior close of EUR 51.08. The market capitalization was EUR 2.8 billion as of September 30, 2026, at 9:15 a.m. CEST, while the 52-week range was EUR 24.72 to EUR 67.60.

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