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Steel Division Shipments
0 1,000 2,000 3,000 4,000 5,000 6,000
in kt FY 2007 FY 2006
Steel Division Sales
in € mil. FY 2007 FY 2006
5,545
5,476
The sale of rolled steel and processed products to external customers and other Group divisions
climbed € 617 million to € 3,967 million as compared with the previous year (€ 3,350 million). SZFG
lifted sales by 12% despite lower shipments to € 1,953 million. Initially, specific selling prices for coldrolled
flat products rose steadily over the course of the year to reach record levels in the second and
third quarters before the huge inflow of imports began to disturb the market balance. First and foremost
owing to significantly higher average selling prices, PTG saw sales surge by 30% to € 887 million.
The situation was similar at ILG, HSP and SZBE. ILG’s sales came to € 800 million, which was 23%
higher than in 2006. HSP and SZBE lifted revenues to € 210 million (+26%) and € 62 million (+32%)
respectively. SZEP’s lower volume of shipments caused sales to decline to € 55 million (–8%) in this
financial year.
3,350
3,967
0 500 1,000 1,500 2,000 2,500 3,000 4,000
The Steel Division generated an excellent result in pre-tax profit of € 749.4 million, thereby exceeding
the previous year’s result of € 433.8 million by 73%. Besides the excellent market conditions with
historically high prices, the consistent exploitation of profitability improvement potential has contributed
to this performance. The three largest companies in particular recorded significant increases:
SZFG (€ +93.3 million), PTG (€ +157.4 million) and ILG (€ +62.8 million). The profit of HSP also
rose (€ +3.1 million). The results of SZEP and SZBE fell by € –0.9 million and € –0.3 million respectively.