euro adhoc: Salzgitter AG / Financial Figures/Balance Sheet / Ad-hoc-release according to § 15 WpHG SALZGITTER AG - Key data of the financial year 2008 Very satisfactory results in all divisions and

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Key Data FY 2008

05.03.2009

The Salzgitter Group achieved a pre-tax profit of EUR 1.0 billion in
the financial year 2008 despite the dramatic developments in global
economic conditions which unfolded at the end of the year.
Accordingly, the profit forecast made before the advent of the
turbulences in the market was fulfilled in every respect, even taking
the announced accounting measures into account. Higher steel selling
prices, the steady, gratifying development of the Tubes Division
business, especially in large-diameter tubes, and booming trading
business in the first nine months of the year were the main
contributors of this pleasing growth.

External sales by division (EUR million):

FY 2008 (FY 2007)
Steel 3,002 (2,852)
Trading 5,622 (4,385)
Tubes 2,172 (1,815)
Services 519 (504)
Technology 1,038 (513)
Other 146 (124)
Group 12,499 (10,192)

Earnings before tax by division (EUR million):

FY 2008 (FY 2007)
Steel 545.6 (749.4)
Trading 150.8 (212.5)
Tubes 311.8 (302.5)
Services 23.9 (40.4)
Technology 3.8 (4.0)
Other/Consolidation -32.5 (5.2)
Group 1,003.4 (1,313.9)

Despite its broad-based business, which is sound from every angle,
the Salzgitter Group will be unable to decouple in the financial year
2009 from the consequences of the worst recession seen since the end
of World War II. In the financial year 2009, we will be confronted
with unprecedented imponderabilities. Against this background, it
would be irresponsible at the current point in time to provide a
quantified forecast for a 2009 consolidated result. The first
half-year is unlikely to close at breakeven for the Group, as the
critical development in the rolled steel market cannot be cushioned
by the other activities of the Salzgitter Group. In the event of a
notable recovery, especially in the rolled steel markets, attaining
more or less breakeven in the pre-tax result should be possible in
2009. As in recent years, we make reference to the fact that
opportunities and risks from currently unforeseeable trends in
selling prices, input materials and capacity level developments, as
well as changes in the currency parity, may considerably affect
performance in the course of the financial year 2009. The resulting
fluctuation in the consolidated pre-tax result may, as current events
show, be within a considerable range, either to the positive or to
the negative.

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

+49 (0) 5341/21-3783

kleinermann.b@salzgitter-ag.de

Branche: Iron & Steel
ISIN: DE0006202005
WKN: 620200
Index: Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX,
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Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade
Börse Hannover / regulated dealing