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A Group Management Report and Management Report on Salzgitter AG I. Business and the Environment 36 37 Business and the Environment
1) Non-consolidated The divisions are composed of independently operating companies which enjoy a high degree of decentralized decision-making freedom and are able to develop market-, location- and productrelated business activities under their own responsibility. The Steel Division includes the companies listed in the table below: Company Abbreviation Location Salzgitter Stahl GmbH (Intermediate Holding Company) SZS Salzgitter Salzgitter Flachstahl GmbH SZFG Salzgitter Peiner Träger GmbH PTG Peine Ilsenburger Grobblech GmbH ILG Ilsenburg Salzgitter Europlatinen GmbH SZEP Salzgitter Salzgitter Bauelemente GmbH SZBE Salzgitter HSP Hoesch Spundwand und Profil GmbH HSP Dortmund With their high-quality branded and special steels, these companies make a special contribution to the success of steel. In line with our “Steel and Technology” aspiration, they develop and produce a broad range of steel products (flat steel and profiles, plate, sheet piles, components for roofing and cladding, blanks and tailored blanks) for constantly evolving and new areas of application. Thanks to intensive research and development and strong customer orientation, the potential of steel for new and creative products will continue to be developed in future. The Trading Division comprises a dense European sales network, as well as trading companies and agencies worldwide. This combination underpins the successful, extensive market presence of the Salzgitter Group and supports the optimal marketing of its products and services. The company thereby ensures that it reaches not only large-scale consumers but also smaller and medium-sized end customers. The companies of the Salzgitter Mannesmann Handel Group operating under the management company Salzgitter Mannesmann Handel GmbH (SMHD) and the plate specialist Universal Eisen und Stahl GmbH (UES), as well as the steel service centers Hövelmann & Lueg GmbH (HLG) and Flachform Stahl GmbH (FFS) have been assigned to this division, as shown by the table below. Company Abbreviation Location Salzgitter Mannesmann Handel Group SMHD Group Salzgitter Mannesmann Handel GmbH Stockholding trading companies SMHD Düsseldorf Salzgitter Mannesmann Stahlhandel GmbH SMSD Düsseldorf Friesland Staal B.V. FSD Drachten (Netherlands) Deltastaal B.V. DSO Oosterhout (Netherlands) AP Steel U.K. Ltd. 1) APS Scunthorpe (United Kingdom) Salzgitter Mannesmann Stahlhandel sp.z.o.o. 1) SMPL Slupca (Poland)
Page 1 and 2: Annual Report 2007 Financial Year f
Page 3 and 4: 1) 2006 included in “Other region
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
Page 53 and 54: “I wish I could also sleep in it.
Page 55 and 56: 3. Management and Control of the Co
Page 57 and 58: Groupwide Investment Volume 1996/19
Page 59 and 60: The Group’s excellent performance
Page 61 and 62: Management and Control Instruments
Page 63 and 64: in € mil. FY 2007 FY 2006 EBT 1,3
Page 65 and 66: Can a sports facility lend wings to
Page 67 and 68: “For a whole year we really did e
Page 69 and 70: “We could only imagine making the
Page 71 and 72: Sources: XETRA closing prices, DBAG
Page 73 and 74: 1) All data as per December 31 2) C
Page 75 and 76: “At first I had no idea what it w
Page 77 and 78: R&D expenses by Division Steel 47%
Page 79 and 80: 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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