Salzgitter AG

euro adhoc: Salzgitter AG
Financial Figures/Balance Sheet
SALZGITTER AG: Outstanding start into the new financial year 2007

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3-month report/First Quarter 2007

15.05.2007

Thanks to the robust constitution of the global economy and the sustained upswing in Germany and Europe, demand for steel and tubes products continued to run at a high level, also in the first quarter of 2007. Buoyed by these excellent general conditions, the Salzgitter Group set new record figures in Group sales and operating profit for a 3-month period in the first quarter of 2007.

Consolidated external sales increased by 20 % to EUR 2.38 billion (first quarter of 2006: EUR 1.98 billion). Profit before tax stood at EUR 325.4 million (EBT in the first quarter of 2006: EUR 50.2 million; comparable operating EBT: EUR 198.9 million). Profit after tax came to EUR 196.6 million in the first quarter of 2007 (first quarter of 2006: EUR 35.7 million); earnings per share are calculated at EUR 3.41 (first quarter of 2006: EUR 0.62). Return on capital employed (ROCE) stood at 30.8 % (first quarter of 2006: 8.8 %).

External sales by Division (EUR million):

Q1 2007 (Q1 2006)
Steel                                723        (607)
Tubes                                428        (398)
Trading                         1,075        (866)
Services                          131         (93)
Others/Consolidation         25         (20)
Group                            2,381    (1,983)

Earnings before tax by Division (EUR million):

Q1 2007 (Q1 2006)
Steel                            181.5    (104.3)
Tubes                              65.5      (62.2)
Trading                          64.8      (30.1)
Services                          8.1        (5.7)
Others/Consolidation        5.6  (-152.3)
Group                            325.4      (50.2)

All in all, on the basis of currently available information and in view of expectations of the development of the procurement and sales markets, as well as of the general conditions, and taking account of the effects of the Profit Improvement Program, we expect the Salzgitter Group to generate a pre-tax profit of around one billion euro in the ongoing financial year.

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 considerably affect performance in the course of the remaining financial year 2007. The resulting fluctuation in the consolidated pre-tax result may, as experience has shown, be within a considerable range.

For further details, please see the press release and the Interim Report (www.salzgitter-ag.de) published today.

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ots Originaltext: Salzgitter AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Bernhard Kleinermann
Tel.: +49 (0) 5341-21-3783
E-Mail: kleinermann.b@salzgitter-ag.de

Branche: Iron & Steel
ISIN:      DE0006202005
WKN:        620200
Index:    MDAX, CDAX, HDAX, Midcap Market Index, Classic All Share,
              Prime All Share
Börsen:  Frankfurter Wertpapierbörse / official dealing/prime standard
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bayerische Börse / free trade
              Niedersächsische Börse zu Hannover / official dealing



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