15.05.2007 – 07:19
euro adhoc: Salzgitter AG
Financial Figures/Balance Sheet
Outstanding start into the new financial year 2007
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
3-month report/First Quarter 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.
end of announcement euro adhoc 15.05.2007 06:43:04
Further inquiry note:
Tel.: +49 (0) 5341-21-3783
Branche: Iron & Steel
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
Original content of: Salzgitter AG, transmitted by news aktuell