EANS-Adhoc: SALZGITTER AG - Key data of the financial year 2011

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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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05.03.2012

Sound profit trend in the financial year 2011

The Salzgitter Group reported a gratifyingly sound performance in
2011, a year determined by economic and political uncertainty in many
parts of the world. Earnings before tax (201.6 million; 2010: 48.9
million EUR) more than quadrupled on the back of substantial sales
growth, which was mainly attributable to the generally favorable
economic conditions for rolled steel and tubes products. The result
includes EUR 39.5 million on balance in non-recurrent burdens on the
result. Profit after tax stood at EUR 236.0 million (2010: EUR 30.0
million), thereby exceeding the year-earlier results thanks to tax
optimization measures that will gradually unfold their effects in the
coming years. Basic earnings per share come to EUR 4.31 (2010: EUR
0.55). With an equity ratio of 45.5 % and more than EUR 500 million
available under the net financial position, Salzgitter AG has a sound
balance sheet and an exceptionally solid financial footing, also
after the completion of an extensive investment program costing EUR 2
billion.

Key data:

External sales (EUR million) FY 2011 (FY 2010)
Steel 2,739.7 (2,268.6)
Trading 3,903.9 (2,958.2)
Tubes 1,686.8 (1,736.1)
Services 457.3 (413.1)
Technology 966.6 (872.9)
Other/Consolidation 85.3 (55.9)
Group 9,839.5 (8,304.6)

EBT (EUR million) FY 2011 (FY 2010)
Steel 25.7 (-100.6)
Trading 60.6 (71.4)
Tubes 67.3 (59.9)
Services 19.6 (26.2)
Technology -79.1 (-30.3)
Other/Consolidation 107.4 (22.3)
Group 201.6 (48.9)

A recent deterioration in Europe's debt crisis is unquestionably the
major risk for macroeconomic development in 2012. Making reliable
statements on the development of the business situation in the coming
quarters is as impossible as giving a sound, detailed earnings
forecast for the Salzgitter Group at the current point in time. If,
however, one assumes that there will be no drastic recessionary
developments, we anticipate that, based on the expectations of the
individual divisions, sales will remain stable at minimum, and that a
positive earnings before tax can be delivered in 2012. From today´s
standpoint, delivering a repeat of the previous year´s results will
be challenging, as the start to the new year appears to be marked by
dampening effects on the course of business in the Steel and Tubes
divisions.

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 2012. The resulting fluctuation in the
consolidated pre-tax result may be within a considerable range,
either to the positive or to the negative. The dimensions of this
range be-come clear if one considers that, with around 12 million
tons of steel products sold by the Steel, Trading and Tubes
divisions, an average EUR 25 contraction in the margin per ton is
sufficient to cause a variation in the annual result of more than EUR
300 million. Moreover, the accuracy of the company's planning is
restricted by the volatilities and shorter contractual durations,
both on the procurement and on the sales side.

Disclaimer: Some of the statements made in this report possess the
character of forecasts or may be interpreted as such. They are made
upon the best of information and belief and by their nature are
subject to the proviso that no unforeseeable deterioration occurs in
the economy or in the specific market situation pertaining to the
Division companies, but rather that the underlying bases of plans and
outlooks prove to be accurate as expected in terms of their scope and
timing. The company undertakes no obligation to update any
forward-looking statements.

Further inquiry note:
Investor Relations
+49 (0) 5341/21-1852
heidler.m@salzgitter-ag.de

end of announcement euro adhoc
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issuer: Salzgitter AG
Eisenhüttenstraße 99
D-38239 Salzgitter
phone: +49 (0) 5341-21-3783
mail: info@salzgitter-ag.de
WWW: http://www.salzgitter-ag.de
sector: Iron & Steel
ISIN: DE0006202005
indexes: Midcap Market Index, MDAX, CDAX, Classic All Share, Prime All Share
stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf,
Stuttgart, regulated dealing/prime standard: Frankfurt
language: English