Salzgitter AG

euro adhoc: Salzgitter AG
Financial Figures/Balance Sheet
SALZGITTER AG - Key data of the financial year 2006 Sales and profit set new benchmarks

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annual report


In 2006, the global market for steel products was once again extremely robust, with economic momentum in some segments even stronger than in the two preceding years. Against this favorable background, Salzgitter AG set new benchmarks for sales and profit with its rolled steel and tubes products.

In the financial year 2006, consolidated sales of the Salzgitter Group rose by 18 % to EUR 8.45 billion (2005: EUR 7.15 billion). Pre-tax profit came in at EUR 1.85 billion (2005: EUR 940.9 million). Operating profit before tax, net of the proceeds from the sale of the Vallourec participation, posted EUR 947.9 million (2005: EUR 802.7 million). Consolidated profit after tax stood at EUR 1.51 billion (2005: EUR 842.0 million), and earnings per share came to EUR 26.50 (2005: EUR 14.09). Return on capital employed (ROCE) climbed to 47.8 % (2005: 38.9 %).

External sales by divisions (EUR million):
~                                    2006        (2005)
Steel                            2,440      (2,177)
Tubes                            1,510      (1,407)
Trading                         3,971      (3,244)
Services                          425         (324)
Other/Consolidation         101            (0)
Group                            8,447      (7,152)

Pre-tax results by divisions (EUR million):
~                                    2006        (2005)
Steel                            433.8      (430.7)
Tubes                            262.9      (302.4)
Trading                         200.9        (88.1)
Services                         15.4         (9.4)
Other/Consolidation      941.8      (110.3)
Group                         1,854.8      (940.9)

Taking the sum total of the individual plans of the subsidiaries and including the holding company, inevitable consolidation effects and the current business data of the first months of 2007, the following overall conclusion can be drawn on the estimated development of the Group:

Given external sales that remain virtually unchanged, we expect operating pre-tax profit for the current financial year 2007 to be again in the more ambitious triple-digit million euro range. In view of the end of the operating contribution from Vallourec coupled with trading margins returning to a normal level it would, however, appear too ambitious at this time to expect a repeat of the previous year’s level (EUR 947.9 million). We make express reference to the fact that opportunities and risks arising from selling price, input material price and capacity utilization trends, which are currently not foreseeable, as well as changes in exchange rates may exert a considerable impact on the course of business in the financial year 2007. The resulting fluctuation bandwidth of consolidated pre-tax profit can, as seen in previous years, be of considerable dimensions, in both a positive and negative sense.

For further details and a detailed outlook on the current financial year, please refer to today’s press release (see

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ots Originaltext: Salzgitter AG
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Further inquiry note:
Bernhard Kleinermann
Tel.: +49 (0) 5341-21-3783

Branche: Iron & Steel
ISIN:      DE0006202005
WKN:        620200
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

Weitere Meldungen: Salzgitter AG

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