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 sound balance sheet (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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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.

Further inquiry note:
Bernhard Kleinermann
+49 (0) 5341/21-3783
kleinermann.b@salzgitter-ag.de

end of announcement euro adhoc
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emitter: 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, HDAX, Prime
All Share
stockmarkets: regulated dealing/prime standard: Börse Frankfurt, free trade:
Börse Berlin, Börse Hamburg, Börse Stuttgart, Börse Düsseldorf,
Börse München, regulated dealing: Börse Hannover
language: English

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