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A Group Management Report and Management Report on Salzgitter AG I. Business and the Environment 38 39 Company Abbreviation Location Salzgitter Mannesmann Stahlhandel s.r.o. 1) SMCZ Prague (Czech Republic) Salzgitter Mannesmann Acélkereskedelmi Kft. 1) SMHU Budapest (Hungary) Salzgitter Mannesmann Distributie S.R.L. 1) Agencies SMRO Bucharest (Romania) Salzgitter Mannesmann (U.K.) Ltd. 1) SMUK Harrogate (United Kingdom) Salzgitter Mannesmann (France) S.a.r.l. 1) SMFR Paris (France) Salzgitter Mannesmann (España) S.A. 1) SMSP Madrid (Spain) Salzgitter Mannesmann (Italia) S.r.I. 1) SMIT Milan (Italy) Salzgitter Mannesmann (Scandinavia) AB1) Trading SMSC Lulea (Sweden) Salzgitter Mannesmann International GmbH SMID Düsseldorf Salzgitter Mannesmann International (USA) Inc. SMIH Houston (USA) Salzgitter Mannesmann International (Canada) Inc. SMIV Vancouver (Canada) Salzgitter Mannesmann International (Hong Kong) Ltd. 1) SMHK Hong Kong (China) Salzgitter Mannesmann International (Asia) Pte. Ltd. 1) SMSG Singapore Salzgitter Mannesmann International Tehran1) SMIR Tehran (Iran) Salzgitter Mannesmann Trade (Beijing) Co. Ltd. 1) SMCN Beijing (China) Salzgitter Mannesmann International (Mexico) S.A. de C.V. 1) Overseas Offices SMIM Mexico City (Mexico) Moscow (Russia) Sofia (Bulgaria) Bucharest (Romania) Kattowitz (Poland) Dubai (UAE) Universal Eisen und Stahl GmbH UES Neuss Hanover Viersen Universal Steel Holland B.V. 1) USN Papendrecht (Netherlands) Universal Acier S.a.r.l. 1) UAC Lyon (France) Universal Stal sp.z.o.o. 1) USP Ruda (Poland) Universal Ocel s.p.o.l. s.r.o. 1) UOC Prague (Czech Republic) Universal Steel America Chicago, Inc. 1) USC Chicago (USA) Universal Steel America Houston, Inc. 1) USH Houston (USA) Hövelmann & Lueg GmbH HLG Schwerte Salzgitter Flachform Stahl GmbH FFS Schwerte 1) Non-consolidated The SMHD Group operates eleven steel stockholding companies in Germany, nine processing centers and eleven warehouses. Seven companies operate steel trading in Europe, with five agencies located in European countries. International trading is carried out for the most part by eight companies in the main and five representative offices located abroad. All in all, the SMHD Group is represented in 65 locations and 30 countries. Business and the Environment
1) Proportionately consolidated (50% shareholding) 2) Non-consolidated The plate specialist UES conducts its trading and processing activities mainly in Germany as well as in other European countries and in the USA. The steel service centers HLG and FFS round up the product and service range of the Trading Division with their customized flat rolled steel products. The companies of the Tubes Division, headed by Mannesmannröhren-Werke GmbH, offer their customers a virtually complete range of steel tubes. The program includes large-diameter tubes, HFI (high-frequency inductive) welded line pipes, cold-finished tubes and seamless stainless steel tubes in particular. The following material companies belong to the Division: Company Abbreviation Location Mannesmannröhren-Werke GmbH Large-diameter tubes MRW Mülheim an der Ruhr Europipe GmbH1) EP Mülheim an der Ruhr Europipe France S.A. 1) EPF Dünkirchen (France) Berg Steel Pipe Corp. 1) BSPC Panama City (USA) Tubos Soldados Atlantico Ltda. 2) TSA Serra (Brazil) Mannesmannröhren Mülheim GmbH MRM Mülheim an der Ruhr Salzgitter Großrohre GmbH HFI-welded tubes SZGR Salzgitter Mannesmann Fuchs Rohr GmbH Cold-finished tubes MFR Hamm Siegen Salzgitter Mannesmann Precision GmbH SMP Zeithain Mannesmann Präzisrohr GmbH MHP Hamm Brackwede Holzhausen Wickede Vallourec Précision Etirage S.A.S. VPE Saint Florentin (France) Vitry-le-Francois (France) Rachecourt (France) Tonnerre (France) La Charité (France) Mannesmannrohr Sachsen GmbH MRS Zeithain Mannesmann Precisión Mexico S.A. de C.V. 2) MPM Guadalajara (Mexico) Mannesmann Robur B. V. ROB Helmond (Netherlands)
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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Steel Division environmental expens
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A Group Management Report and Manag
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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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