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Salzgitter AG

euro adhoc: Salzgitter AG
quarterly or semiannual financial statement / SALZGITTER AG: Splendid development of the first nine months 2006 - Group equity increased by 64 % to more than EUR 3 billion

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
13.11.2006
In the third quarter, the Salzgitter Group  set  new  benchmarks  in
sales  and profit. The very pleasing performance of operations  in
the  Steel,  Tubes  and Trading divisions and the high profit from
the sale of the 17.2 % stake  in  the French seamless tubes
manufacturer Vallourec S.A. contributed to this result.
Group  external   sales   improved   to   EUR 6.21 billion   (9
months   2005: EUR 5.38 billion). Including EUR 907.0 million from
the sale  of  the  Vallourec participation, consolidated pre-tax
profit came to  EUR 1.57 billion  (9  months 2005:  EUR 595.2
million).  Operating  pre-tax   earnings   thereby   stood   at EUR
661.5 million. Earnings after tax stood at EUR 1.35 billion (9 months
2005: EUR 556.3 million). Return on capital employed (ROCE) posted
54.9 %;  excluding EUR 907.0 million profit from the Vallourec sale,
it came to  30.8 %  (9  months 2005: 36.0 %).
Consolidated Sales by Division (EUR million):
|                      |9M 2006     |(9M 2005)   |
|Steel                 |  1,793     |  (1,634)   |
|Tubes                 |  1,161     |  (1,039)   |
|Trading               |  2,871     |  (2,465)   |
|Services              |    316     |    (240)   |
|Others/Consolidation  |     67     |      (0)   |
|Group                 |  6,207     |  (5,378)   |
Earnings before taxes by Division (EUR million):
|                      |9M 2006     |(9M 2005)   |
|Steel                 |  301.3     |  (330.6)   |
|Tubes                 |  184.3     |  (240.6)   |
|Trading               |  149.2     |   (59.9)   |
|Services              |   16.6     |    (5.7)   |
|Others/Consolidation  |  917.0     |  (-41.6)   |
|Group                 |1,568.5     |  (595.2)   |
On the basis of the information currently  available  and  estimates
concerning trends  in  the  procurements  and  sales  markets,  as
well  as  the   general conditions, and  taking  account  of  the
effects  of  the  profit  improvement program, the Salzgitter Group's
pre-tax operating profit is  expected  to  reach approximately EUR
800 million in the current year.  Including  the  income  from the
sale of the Vallourec participation, this would  result  in  a
consolidated pre-tax profit of around EUR 1.7 billion. Express
reference is made to the  fact that  opportunities  and   risks
arising   from,   for   instance,   currently unforeseeable
developments  in  revenue,  input  material  prices  and  capacity
levels, as well as changes in the currency parity, may still affect
performance in the course of the financial year 2006.
More information can be obtained from our press release and interim
report  for the first nine months of 2006 released on November 14
and  posted  on  our  web site under www.salzgitter-ag.de.
end of announcement                               euro adhoc 13.11.2006 22:27:00

Further inquiry note:

Bernhard Kleinermann
Tel.: +49 (0) 5341-21-3783
E-Mail: kleinermann.b@salzgitter-ag.de
Tel.:49 (0) 5341-21-01
FAX: +49 (0) 5341-21-2727
Email: gersdorff.b@salzgitter-ag.de

Branche: Iron & Steel
ISIN: DE0006202005
WKN: 620200
Index: MDAX, CDAX, HDAX
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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