Salzgitter AG

euro adhoc: Salzgitter AG
quarterly or semiannual financial statement / SALZGITTER AG: Splendid development of the first nine months 2006 - Group equity increased by 64 % to more than EUR 3 billion

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13.11.2006

In the third quarter, the Salzgitter Group  set  new  benchmarks  in sales  and profit. The very pleasing performance of operations  in the  Steel,  Tubes  and Trading divisions and the high profit from the sale of the 17.2 % stake  in  the French seamless tubes manufacturer Vallourec S.A. contributed to this result.

Group  external    sales    improved    to    EUR 6.21 billion    (9 months    2005: EUR 5.38 billion). Including EUR 907.0 million from the sale  of  the  Vallourec participation, consolidated pre-tax profit came to  EUR 1.57 billion  (9  months 2005:  EUR 595.2 million).  Operating  pre-tax    earnings    thereby    stood    at EUR 661.5 million. Earnings after tax stood at EUR 1.35 billion (9 months 2005: EUR 556.3 million). Return on capital employed (ROCE) posted 54.9 %;  excluding EUR 907.0 million profit from the Vallourec sale, it came to  30.8 %  (9  months 2005: 36.0 %).

Consolidated Sales by Division (EUR million):

|                                  |9M 2006        |(9M 2005)    |
|Steel                          |  1,793        |  (1,634)    |
|Tubes                          |  1,161        |  (1,039)    |
|Trading                        |  2,871        |  (2,465)    |
|Services                      |      316        |      (240)    |
|Others/Consolidation  |        67        |         (0)    |
|Group                          |  6,207        |  (5,378)    |
Earnings before taxes by Division (EUR million):
|                                  |9M 2006        |(9M 2005)    |
|Steel                          |  301.3        |  (330.6)    |
|Tubes                          |  184.3        |  (240.6)    |
|Trading                        |  149.2        |    (59.9)    |
|Services                      |    16.6        |      (5.7)    |
|Others/Consolidation  |  917.0        |  (-41.6)    |
|Group                          |1,568.5        |  (595.2)    |

On the basis of the information currently  available  and  estimates concerning trends  in  the  procurements  and  sales  markets,  as well  as  the    general conditions, and  taking  account  of  the effects  of  the  profit  improvement program, the Salzgitter Group's pre-tax operating profit is  expected  to  reach approximately EUR 800 million in the current year.  Including  the  income  from the sale of the Vallourec participation, this would  result  in  a consolidated pre-tax profit of around EUR 1.7 billion. Express reference is made to the  fact that  opportunities  and    risks arising    from,    for    instance,    currently unforeseeable developments  in  revenue,  input  material  prices  and  capacity levels, as well as changes in the currency parity, may still affect performance in the course of the financial year 2006.

More information can be obtained from our press release and interim report  for the first nine months of 2006 released on November 14 and  posted  on  our  web site under www.salzgitter-ag.de.

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ots Originaltext: Salzgitter AG
Im Internet recherchierbar: http://www.presseportal.ch

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



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