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14.11.2007 – 07:16

Salzgitter AG

SALZGITTER AG: Sales and profit remain on track for new record highs at the end of the first nine months of 2007

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finances/Interim report

Salzgitter (euro adhoc) - The Salzgitter Group set new record highs in its sales and operating profit for a nine-month period.

All divisions, especially Steel and Trading, contributed to lifting consolidated external sales by EUR 1.29 billion to EUR 7.50 billion (nine months 2006: EUR 6.21 billion). Another contributing factor was the first-time consolidation of Klöckner-Werke and Vallourec Précision Etirage (VPE), which were acquired at the start of the third quarter. Earnings before tax of EUR 980.4 million, generated solely through operations, outperformed the previous year´s figure of EUR 661.5 million by 48 % (EBT 9 months 2006 including proceeds of EUR 907 million from the sale of the Vallourec participation: EUR 1.57 billion). In the period under review, profit after tax came to EUR 594.9 million (9 months 2006: EUR 1.35 billion); earnings per share amounted to EUR 10.38 (9 months 2006: EUR 23.66). Return on capital employed (ROCE) posted 29.0 % (9 months 2006: 54.9 %).

Total sales by Division (EUR million):
                                  9M 2007  (9M 2006)
Steel                              3,021      (2,467)
Tubes                              1,870      (1,600)
Trading                          3,764      (3,248)
Servies                              900         (771)
Technology                         278              -
Others/Consolidation         325         (225)
Group                            10,158      (8,311)

External sales by Division (EUR million):
                                  9M 2007  (9M 2006)
Steel                              2,168      (1,793)
Tubes                              1,343      (1,161)
Trading                          3,262      (2,871)
Servies                              390         (316)
Technology                         246              -
Others/Consolidation          91          (67)
Group                              7,501      (6,207)

External sales by Division (EUR million):
                                  9M 2007  (9M 2006)
Steel                              569.5      (301.3)
Tubes                              210.2      (184.3)
Trading                          176.5      (149.2)
Servies                            47.6        (16.6)
Technology                        -9.9            (-)
Others/Consolidation      -13.4      (917.0)
Group                              980.4    1.568.5)

All in all, based on current 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 an operating EBT of around EUR 1.2 billion in the current 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 affect performance in the course of the remaining financial year 2007.

More information can be found in the full press release and interim report published today (see

end of announcement                                                 euro adhoc 14.11.2007 07:15:00

ots Originaltext: Salzgitter AG
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Further inquiry note:
Bernhard Kleinermann
Tel.: +49 (0) 5341-21-3783

Branche: Iron & Steel
ISIN:      DE0006202005
WKN:        620200
Index:    MDAX, CDAX, HDAX, Midcap Market Index, Classic All Share,
              Prime All Share
Börsen:  Börse Frankfurt / official 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 / official dealing

Original content of: Salzgitter AG, transmitted by news aktuell

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