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05.03.2012 – 08:32

Salzgitter AG

EANS-Adhoc: SALZGITTER AG - Key data of the financial year 2011

  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.

Sound profit trend in the financial year 2011 

The Salzgitter Group reported a gratifyingly sound performance in 2011, a year
determined by economic and political uncertainty in many parts of the world.
Earnings before tax (201.6 million; 2010: 48.9 million EUR) more than quadrupled
on the back of substantial sales growth, which was mainly attributable to the
generally favorable economic conditions for rolled steel and tubes products. The
result includes EUR 39.5 million on balance in non-recurrent burdens on the
result. Profit after tax stood at EUR 236.0 million (2010: EUR 30.0 million),
thereby exceeding the year-earlier results thanks to tax optimization measures
that will gradually unfold their effects in the coming years. Basic earnings per
share come to EUR 4.31 (2010: EUR 0.55). With an equity ratio of 45.5 % and more
than EUR 500 million available under the net financial position, Salzgitter AG
has a sound balance sheet and an exceptionally solid financial footing, also
after the completion of an extensive investment program costing EUR 2 billion.

Key data: 

External sales (EUR million)           FY 2011       (FY 2010)
Steel                                  2,739.7       (2,268.6) 
Trading                                3,903.9       (2,958.2) 
Tubes                                  1,686.8       (1,736.1)
Services                                 457.3         (413.1) 
Technology                               966.6         (872.9) 
Other/Consolidation                       85.3          (55.9)          
Group                                  9,839.5       (8,304.6)


EBT (EUR million)                       FY 2011       (FY 2010) 
Steel                                      25.7        (-100.6)
Trading                                    60.6          (71.4)
Tubes                                      67.3          (59.9)
Services                                   19.6          (26.2)
Technology                                -79.1         (-30.3)
Other/Consolidation                       107.4          (22.3)
Group                                     201.6          (48.9)

A recent deterioration in Europe's debt crisis is unquestionably the major risk
for macroeconomic development in 2012. Making reliable statements on the
development of the business situation in the coming quarters is as impossible as
giving a sound, detailed earnings forecast for the Salzgitter Group at the
current point in time. If, however, one assumes that there will be no drastic
recessionary developments, we anticipate that, based on the expectations of the
individual divisions, sales will remain stable at minimum, and that a positive
earnings before tax can be delivered in 2012. From today´s standpoint,
delivering a repeat of the previous year´s results will be challenging, as the
start to the new year appears to be marked by dampening effects on the course of
business in the Steel and Tubes divisions.

As in recent years, we make reference to the fact that opportunities and risks
from currently unforeseeable trends in selling prices, input materials and
capacity level developments, as well as changes in the currency parity, may
considerably affect performance in the course of the financial year 2012. The
resulting fluctuation in the consolidated pre-tax result may be within a
considerable range, either to the positive or to the negative. The dimensions of
this range be-come clear if one considers that, with around 12 million tons of
steel products sold by the Steel, Trading and Tubes divisions, an average EUR 25
contraction in the margin per ton is sufficient to cause a variation in the
annual result of more than EUR 300 million. Moreover, the accuracy of the
company's planning is restricted by the volatilities and shorter contractual
durations, both on the procurement and on the sales side.

Some of the statements made in this report possess the character of forecasts or
may be interpreted as such. They are made upon the best of information and
belief and by their nature are subject to the proviso that no unforeseeable
deterioration occurs in the economy or in the specific market situation
pertaining to the Division companies, but rather that the underlying bases of
plans and outlooks prove to be accurate as expected in terms of their scope and
timing. The company undertakes no obligation to update any forward-looking

Further inquiry note:
Investor Relations
+49 (0) 5341/21-1852

end of announcement                               euro adhoc 

issuer:      Salzgitter AG
             Eisenhüttenstraße 99
             D-38239 Salzgitter
phone:       +49 (0) 5341-21-3783
sector:      Iron & Steel
ISIN:        DE0006202005
indexes:     Midcap Market Index, MDAX, CDAX, Classic All Share, Prime All Share
stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf,
             Stuttgart, regulated dealing/prime standard: Frankfurt 
language:   English

Original content of: Salzgitter AG, transmitted by news aktuell

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