euro adhoc: Salzgitter AG / Annual Reports / SALZGITTER AG: Key data for financial year 2005 (E)

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Disclosure announcement transmitted by euro adhoc.
The issuer is responsible for the content of this announcement.
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13.03.2006

Thanks to the continuation of the favorable business environment for rolled
steel and tubes, Salzgitter AG concluded the 2005 financial year posting new
record sales and profit levels.
Consolidated external sales grew by 20 % to EUR 7.15 billion (2004: EUR 5.94
billion) and pre-tax profits almost tripled to EUR 940.9 million (2004: EUR
322.8 million). This exceptional result was, in turn, mainly determined by the
far above average operating results of the three large divisions, Steel, Tubes
and Trading. In addition to this, a total of EUR 138.2 million of profits
contribution came from the reduction and streamlining of the exposure to the
seamless tubes segment.
Group profit after taxes, including the capitalization of EUR 137 million
positive tax effects, amounted to EUR 842.0 million (2004: EUR 246.7 million).
Return on capital employed (ROCE) grew to 38.9 % (2004: 24.4 %).

External sales at the new structured divisions (EUR million):

2005   (2004)
Steel    2,177  (1,946)
Tubes    1,407  (1,016)
Trading  3,244  (2,642)
Services   324    (338)
Group    7,152  (5,942)

Pre-tax results at the new structured divisions(EUR million):

2005   (2004)
Steel            430.7  (174.3)
Tubes            440.5  (117.1)
Trading           88.1   (98.9)
Services           9.4   (13.3)
Consolid./Others -27.8  (-80.8)
Group            940.9  (322.8)

On the basis of the overall Group budgeting process, we are forecasting for the
current 2006 financial year a distinctly lower pre-tax profit compared with the
previous year, amounting to a three-digit figure in millions of euros.
Opportunities and risks from currently unforeseeable sales price, pre-material
cost and capacity utilization developments, as well as changes in foreign
exchange parities, may significantly affect particularly the course of the
second half of the 2006 financial year. The margin of error resulting from this
affecting the Group pre-tax profits may assume considerable proportions, as has
also been demonstrated by the 2005 financial year.
For further details and a detailed outlook on the current financial year, please
refer to today’s press release (see www.salzgitter-ag.de).

Further inquiry note:
Bernhard Kleinermann
Tel.: +49 (0) 5341-21-3783
E-Mail: [email protected]
Tel.:49 (0) 5341-21-01
FAX: +49 (0) 5341-21-2727
Email: [email protected]

end of announcement euro adhoc 13.03.2006 06:04:00
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emitter: Salzgitter AG
Eisenhüttenstrasse 99
D-38239 Salzgitter
phone: +49 (0) 5341-21-01
FAX: +49 (0) 5341-21-2727
mail: [email protected]
WWW: http://www.salzgitter-ag.de
ISIN: DE0006202005
indexes: MDAX, CDAX, HDAX
stockmarkets: official dealing/prime standard: Frankfurter Wertpapierbörse, free
trade: Börse Berlin-Bremen, Hamburger Wertpapierbörse,
Baden-Württembergische Wertpapierbörse, Börse Düsseldorf,
Bayerische Börse, official dealing: Niedersächsische Börse zu
Hannover
sector: Iron & Steel
language: English

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