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Salzgitter AG

euro adhoc: Salzgitter AG
Annual Reports
Key data for financial year 2004

---------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. ---------------------------------------------------------------------


Against the background of an exceptional market for rolled steel products and tubes, the Salzgitter Group recorded a significant boost in earnings in financial year 2004.

Consolidated Group sales rose 23 % to EUR 5.9 billion (2003: EUR 4.8
billion). Pre-tax profits at EUR 322.8 million (2003: EUR 42.5
million) also set a new record in comparison with past years. After
taxes the Group made a profit of EUR 246.7 million (2003: EUR 28.1
million), with a return on capital employed of 24.4 % (2003: 4.6 %).

External sales and pre-tax results at the various divisions:
(EUR million)              Ext. sales  Ext. sales  EBT    EBT
Division                      2004            (2003)         2004  (2003)
Steel                          1,759          (1,432)        164.0 (46.9)
Tubes                          1,005          (920)          120.5 (2.6)
Trading                        2,642          (2,027)        98.9  (13.1)
Services                      313              (241)          20.4  (13.7)
Processing                  222              (221)          -0.2  (0.1)
Consolidation/Others                                         -80.8 (-34.0)
Group                          5,941          (4,842)        322.8 (42.5)

The financial statements for 2004 contain a series of on-balance sheet measures: On the one hand the change in inventory valuations at the Steel Division in line with current IFRS accounting rules yielded a positive contribution of EUR 35.0 million to the bottom line. While on the other hand, the balance sheet also reflects precautionary measures of EUR 108.4 million in extraordinary writedowns on fixed assets at some Group subsidiaries. For the last time, the reversal of negative goodwill originating mainly from the acquisition of Mannesmannröhren-Werke in the year 2000 boosted income by a further EUR 60.4 million.

For further details and an outlook on the current financial year, please refer to today's press release (see www.salzgitter-ag.de).

end of announcement                                euro adhoc 09.03.2005 06:30:00

Further inquiry note: Bernhard Kleinermann Tel.: +49 (0) 5341-21-3783 E-Mail: kleinermann.b@salzgitter-ag.de Tel.:49 (0) 5341-21-01 FAX: +49 (0) 5341-21-2727 Email: gersdorff.b@salzgitter-ag.de

Branche: Iron & Steel
ISIN:      DE0006202005
WKN:        620200
Index:    MDAX, Prime Standard, CDAX, HDAX
Börsen:  Berliner Wertpapierbörse / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bayerische Börse / free trade
              Bremer Wertpapierbörse (BWB) / free trade
              Frankfurter Wertpapierbörse / official dealing
              Niedersächsische Börse zu Hannover / official dealing

Weitere Meldungen: Salzgitter AG

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