euro adhoc: Salzgitter AG
Annual Reports
SALZGITTER AG: Key data for
financial year 2005
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
13.03.2006
Thanks to the continuation of the favorable business environment for rolled steel and tubes, Salzgitter AG concluded the 2005 financial year posting new record sales and profit levels. Consolidated external sales grew by 20 % to EUR 7.15 billion (2004: EUR 5.94 billion) and pre-tax profits almost tripled to EUR 940.9 million (2004: EUR 322.8 million). This exceptional result was, in turn, mainly determined by the far above average operating results of the three large divisions, Steel, Tubes and Trading. In addition to this, a total of EUR 138.2 million of profits contribution came from the reduction and streamlining of the exposure to the seamless tubes segment. Group profit after taxes, including the capitalization of EUR 137 million positive tax effects, amounted to EUR 842.0 million (2004: EUR 246.7 million). Return on capital employed (ROCE) grew to 38.9 % (2004: 24.4 %).
External sales at the new structured divisions (EUR million):
2005 (2004) Steel 2,177 (1,946) Tubes 1,407 (1,016) Trading 3,244 (2,642) Services 324 (338) Group 7,152 (5,942)
Pre-tax results at the new structured divisions(EUR million):
2005 (2004) Steel 430.7 (174.3) Tubes 440.5 (117.1) Trading 88.1 (98.9) Services 9.4 (13.3) Consolid./Others -27.8 (-80.8) Group 940.9 (322.8)
On the basis of the overall Group budgeting process, we are forecasting for the current 2006 financial year a distinctly lower pre-tax profit compared with the previous year, amounting to a three-digit figure in millions of euros. Opportunities and risks from currently unforeseeable sales price, pre-material cost and capacity utilization developments, as well as changes in foreign exchange parities, may significantly affect particularly the course of the second half of the 2006 financial year. The margin of error resulting from this affecting the Group pre-tax profits may assume considerable proportions, as has also been demonstrated by the 2005 financial year. For further details and a detailed outlook on the current financial year, please refer to todays press release (see www.salzgitter-ag.de).
end of announcement euro adhoc 13.03.2006 06:04:00
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, CDAX, HDAX
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