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The Salzgitter Group The Salzgitter Group comprises around 200 national and international subsidiaries and associated companies combined under Salzgitter AG as the holding company. With an annual production of rolled steel and tubes which comes to more than 7 million tons, external sales of approximately € 10 billion and a workforce of around 23,000, the Salzgitter Group ranks among Europe’s leading steel technology groups. The Group’s core competences lie in the production of rolled steel and tubes products and their processing, trading in these products and, more recently, in the construction of special machinery and plant engineering. The specific competences are concentrated in the respective divisions (Steel, Trading, Tubes, Services and Technology). The Divisions Steel Trading Services Tubes Technology The Steel Division is one of Europe’s five largest steel producers and the Tubes Division is a global leader in a number of sub-segments in its sector. The new Technology Division comprises the companies of the Klöckner Group. The Group’s key companies rank among the global leaders and preferred suppliers of plant solutions for the food industry. Salzgitter AG is listed on the MDAX and, on the basis of its placing within the index, belongs to Germany’s 35 largest stock corporations. 4 5
1) 2006 included in “Other regions” Key Figures for the Financial Year 2007 Crude Steel Production 6,000 6,500 7,000 7,500 8,000 in kt FY 2007 FY 2006 Consolidated Sales 6,000 7,000 8,000 9,000 10,000 11,000 in € mil. FY 2007 FY 2006 Consolidated Sales by Region 2007 (2006) Earnings before Tax (EBT) 0 500 1,000 1,500 2,000 in € mil. FY 2007 FY 2006 Return on Capital Employed (ROCE) Target 48.1% Germany (47.2%) 21.6% EU (excluding Germany) (22.8%) 5.7% Rest of Europe (2.7%) 9.2% North/South America (11.6%) 9.7% 1) Asia 5.7% Other regions (15.7%) 7,325 7,363 Consolidated Sales by Division 2007 (2006) 1,313.9 1,854.8 28.0% Steel (28.9%) 43.0% 1) Trading (47.0%) 5.0% Services (5.0%) 5.0% Technology (0.0%) 17.8% Tubes (17.9%) 1.2% Other (1.2%) 0 5 10 15 20 25 30 35 40 45 50 55 in % FY 2007 FY 2006 8,447 28.0 10,192 47.8 1) Of which: Steel Division 9.8% (8.4%) Tubes Division 5.6% (6.1%)
Page 1: Annual Report 2007 Financial Year f
Page 5 and 6: Highlights of the Financial Year 20
Page 7 and 8: Contents The Salzgitter Group 5 Key
Page 9 and 10: Preface by the Executive Board Ladi
Page 11 and 12: The financial year 2007 was another
Page 13 and 14: Report of the Supervisory Board The
Page 15 and 16: Alongside the extensive investment
Page 17 and 18: Corporate Governance Report Corpora
Page 19 and 20: In order to prepare its decisions,
Page 21 and 22: Transparency To ensure that shareho
Page 23 and 24: What does it feel like to steer 100
Page 26 and 27: A Group Management Report and Manag
Page 32 and 33: 94.9% 94.9% 51.0% 94.8% A Group Man
Page 46: A Group Management Report and Manag
Page 49 and 50: 1) Including amounts provisioned fo
Page 51 and 52: 1) The amounts presuppose that the
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“I wish I could also sleep in it.
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3. Management and Control of the Co
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Groupwide Investment Volume 1996/19
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The Group’s excellent performance
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Management and Control Instruments
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in € mil. FY 2007 FY 2006 EBT 1,3
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Can a sports facility lend wings to
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“For a whole year we really did e
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“We could only imagine making the
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Sources: XETRA closing prices, DBAG
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1) All data as per December 31 2) C
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“At first I had no idea what it w
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R&D expenses by Division Steel 47%
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Continuous strip casting Together w
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A Group Management Report and Manag
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Steel Division environmental expens
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Core workforce 1998 Steel 10,471 Tr
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Generation campaign A Group operati
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4. Earnings Steel Trading Tubes Ser
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5. The Divisions As the management
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Steel Division Shipments 0 1,000 2,
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1) Excluding intercompany deliverie
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SMHD Group made the major contribut
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Tubes Division The companies belong
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capacity utilization throughout the
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Services Division The companies bel
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1) Sales in own segment and in othe
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Sales in the Technology Division in
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How does steel serve science? What
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“Our motto is ‘I discover.’
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“For a long-span roof constructio
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6. Profitability Improvement Progra
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“They just loved the experiments.
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7. Financial Position Financial Man
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8. Net Assets The total assets of o
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1) Including intangible assets 2) I
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Disclosures pursuant to Sections 28
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10. General Statement on the Econom
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2. Individual Risks Environment and
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Financial Risks A Group Management
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GDP Germany: Forecast Range 2008/20
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Power Plant Capacity Trend GW 8,000
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4. Anticipated Financial Position W
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6. Overall Statement on the Perform
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Why is it worth listening to what a
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“We listen to the bridge - 24 hou
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B Consolidated Annual Financial Sta
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II. Consolidated Balance Sheet Asse
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IV. Cash Flow Statement (43) Cash F
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The Services Division includes DEUM
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(46) Related Party Disclosures In a
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(49) Waiver of Disclosure and Prepa
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VI. Auditor’s Report This report
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I. List of Company Abbreviations SZ
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II. Glossary Business and Financial
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F Forfaiting Sale of export receiva
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Technical Terms A Annealing furnace
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Pilger rolling Conventional step-fo
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III. Financial Calendar of Salzgitt
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IV. Editorial Details and Contact C
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