Download - Salzgitter AG

4. Earnings
Steel
Trading
Tubes
Services
Technology
Other
Group
504
425
513
–
123
101
1,815
1,510
in € mil. FY 2007 FY 2006
2,852
2,440
II. Profitability, Financial Position and Net Assets 116 117
In the year under review, the Salzgitter Group generated sales of € 10,192 million, which exceeded
the previous year’s figure (€ 8,447 million) by 21% and surpassed the € 10 billion threshold for the
first time. All divisions contributed to this result.
As in the previous year, the Trading Division contributed the lion’s share of 43% (2006: 47%) to the
Group’s external sales. Sales of this division, which stood at € 4,385 million, were 10% higher than in
2006. With revenues of € 2,852 million (+17%), the Steel Division’s share of 28% in consolidated
external sales (2006: 29%) was down slightly in a year-on-year comparison. It should, however,
be noted that the Steel Division delivered supplies worth € 971 million to other segments, to the
Trading Division in particular. The Tubes Division also lifted its external sales to € 1,815 (+20%),
which corresponds to an unchanged share of 18%. With a marked increase in third-party sales (+19),
the share generated by the Services Division came to 5%, as in 2006. The first-time consolidation of
Klöckner-Werke AG, acquired at the start of the third quarter and whose subsidiaries form the core of
our new Technology Division, generated sales of € 513 million in the second half of the year (5%
share). External sales in the Others/Consolidation segment (€ 123 million) again achieved a 1% share.
Consolidated Sales by Division
4,385
3,971
8,447
10,192
As before, the major portion of shipments, which accounted for 70%, was generated in the EU. Revenue
in Germany came to € 4.9 billion. Foreign sales posted € 5.3 billion, thus contributing a slightly lower
share (52%) to total sales as against the previous year (2006: 53%).
Profitability, Financial
Position & Net Assets