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

08.03.2007

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
www.salzgitter-ag.de).

end of announcement euro adhoc 08.03.2007 07:02:19
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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
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


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