PRESSEPORTAL Presseportal Logo
All Stories
Follow
Subscribe to Salzgitter AG

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

Salzgitter (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
finances/Interim report
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 www.salzgitter-ag.de).
end of announcement                               euro adhoc 14.11.2007 07:15:00

Further inquiry note:

Bernhard Kleinermann
Tel.: +49 (0) 5341-21-3783
E-Mail: ir@salzgitter-ag.de

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

More stories: Salzgitter AG
More stories: Salzgitter AG