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Salzgitter AG

euro adhoc: Salzgitter AG
Quarterly or Semiannual Financial Statements / Salzgitter Group sets a new record figure with its profit for the first half of 2005

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
12.08.2005
In the first six months of the financial year 2005, Salzgitter AG
achieved an outstanding increase in both sales and profit. Whereas
the rolled steel business still benefited from orders on hand placed
during the boom phase of the market, the demand for tubes remained at
a persistently high level.
With external sales of EUR 3.63 billion, the Salzgitter Group
generated a significant increase over the previous year's period
(first half of 2004: EUR 2.77 billion). Group profit before taxes of
EUR 463.4 million marks a new record figure for a half-year result,
also in a long-term comparison (first half of 2004: EUR 81.7
million). After-tax profit stood at EUR 332.7 million (first half of
2004: EUR 57.7 million) and return on capital employed (ROCE) came to
45.0 % (first half of 2004: EUR 13.2 %).
External sales at the new structured divisions (EUR million):
H1 2005   (H1 2004)
Steel                  1,134     (912)
Tubes                  705       (459)
Trading                1,631     (1,232)
Services               161       (163)
Group                  3,631     (2,766)
Pre-tax results at the new structured divisions (EUR million):
H1 2005   (H1 2004)
Steel                  282.3     (16.2)
Tubes                  157.7     (25.5)
Trading                44.1      (43.0)
Services               3.7       (4.5)
Consolidation/Others   -24.4     -7.5)
Group                  463.4     (81.7)
On the basis of the information currently available and estimates
concerning the trends in the procurement and sales markets, as well
as the general framework conditions, and taking account of the
effects of the Profitability Improvement Program, the Salzgitter
Group expects to post a pre-tax result of around EUR 600 million in
the current year. We expressly point out that opportunities and risks
arising from currently unforeseeable trends in sales prices, input
material costs and plant utilization, as well as changes in the
currency parity, may significantly affect performance in the second
half of the year. Additional positive or negative effects may come
about owing to inventory valuation pursuant to revised IFRS standards
or the way they are applied. The resulting fluctuation margin in the
consolidated result caused by all factors of influence is in the
three-digit million range.
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 12.08.2005 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

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