EANS-Adhoc: Salzgitter AG: Result of in the financial year 2009 characterized by a trend towards improved operating results, expenses incurred by structural measures, and impairments

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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17.02.2010

As compared with the preceding quarters of 2009, the Salzgitter Group
generated a significant improvement in its pre-tax result in the
fourth quarter. Along with the economy stabilizing at a low level,
the measures initiated in the early months of the year to stabilize
the result and liquidity have taken effect.

Including the contribution of EUR 60 million to the result by the
stake held in Aurubis AG, a company consolidated at equity, and the
overall positive valuation-related effects in the context of
preparing the annual financial statements, the pre-tax operating
result comes to around EUR -160 million in the financial year 2009.

The pre-tax loss of EUR 261 million from the first three quarters of
the financial year already included EUR 37 million worth of
impairments. In the process of preparing the annual financial
statements, these impairments were raised to around EUR 260 million
and focused on the Steel, Technology and Tubes divisions. Measures to
streamline structures mainly in these divisions incurred expenses of
approximately EUR 75 million.

According to the latest estimate, the pre-tax result of the
Salzgitter Group is likely to be around EUR -495 million.

Both the structural measures and impairment write-downs are going to
ease the burden on the result already in the current financial year.

The financial statements drawn up for the financial year 2009 are
still subject to the audit currently being conducted by the external
auditor, as well as their adoption by the Supervisory Board. The
final figures and further details will be released on March 5, 2010.

end of announcement euro adhoc
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ots Originaltext: Salzgitter AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Bernhard Kleinermann

Tel.: +49 (0) 5341-21-3783

E-Mail: kleinermann.b@salzgitter-ag.de

Branche: Iron & Steel
ISIN: DE0006202005
WKN: 620200
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