Salzgitter AG

Key Figures for the Financial Year 2007

Earnings before tax of EUR 1.3 billion, with consolidated sales exceeding EUR 10 billion for the first time

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finances

Salzgitter (euro adhoc) - In the financial year 2007, the Salzgitter Group set a new record high for consolidated sales, thereby considerably exceeding the already excellent operating result of the previous year. External group sales rose 21 % to EUR 10.19 billion (2006: EUR 8.45 billion). Earnings before tax (EBT) of EUR 1,314 million impressively outperformed the operating profit of 2006 which is the relevant basis for comparison (EBT from operations 2006: EUR 948 million; total EBT 2006: EUR 1,855 million, including non-operational profit of EUR 907 million from the sale of the Vallourec participation). The after-tax profit of EUR 905 million (2006: EUR 1,510 million, including the sale of the Vallourec shares) resulted in earnings per share of EUR 15.80 (2006: EUR 26.50). ROCE from industrial business attained the excellent level of 46.9 % in 2007 (2006: 55.1 %). Including income from the investment of funds in excess of EUR 2 billion, ROCE came to 28.0 %.

Sales by Division:

|(EUR million)         |Sales                      |
|                      |FY 2007       |(FY 2006)   |
|Steel                 |3,967         |(3,350)     |
|Tubes                 |2,604         |(2,195)     |
|Trading               |5,021         |(4,513)     |
|Services              |1,189         |(1,043)     |
|Technology            |566           |-           |
|Others                |441           |(327)       |
|Subtotal              |13,788        |(11,428)    |
|- Internal group sales|-3,596        |(-2,981)    |
|External group sales  |10,192        |(8,447)     |

EBT by Division:
|(EUR million)         |EBT                        |
|                      |FY 2007       |(FY 2006)   |
|Steel                 |749.4         |(433.8)     |
|Tubes                 |302.5         |(262.9)     |
|Trading               |212.5         |(200.9)     |
|Services              |40.4          |(15.4)      |
|Technology            |4.0           |-           |
|Others/Consolidation  |5.1           |(941.8)     |
|Group                 |1,313.9       |(1,854.8)   |

In the financial year 2008, we are striving to attain a notable growth of the
Group, of which more than 50 % will result from the first-time full-year
inclusion of the companies of the Klöckner Group in our new Technology Division.
Accordingly, we expect an ambitious pre-tax operating profit in the upper
triple-digit million range which could repeat the dimensions attained by the
operating results in the financial years 2005 (EBT of EUR 803 million) and 2006
(EBT of EUR 948 million). Express reference is made to the fact that
opportunities and risks arising from currently unforeseeable trends in sales
prices, input materials and capacity level developments, as well as changes in
the currency parity, may still considerably affect performance in the course of
the financial year 2008. As shown by previous years, the resulting potential
range within which the consolidated pre-tax result could fluctuate may be
considerable, both in positive and negative terms.

More information can be found in the full press release published today (see
www.salzgitter-ag.de). 
end of announcement                               euro adhoc
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Further inquiry note:

Salzgitter AG
Investor Relations
+49 5341 21-1852
ir@salzgitter-ag.de

Branche: Iron & Steel
ISIN: DE0006202005
WKN: 620200
Index: Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX,
Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade
Börse Hannover / regulated dealing
Original-Content von: Salzgitter AG, übermittelt durch news aktuell

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