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Highlights of the Financial Year 2007
March 8
Salzgitter AG publishes its key figures for the financial year 2006: The global market for rolled steel and
tubes was still extremely robust in the year 2006. Favored by these conditions, the Group achieved
new all-time highs in its business volume and profit. In the financial year 2006, sales stood at € 8,447
million, which exceeded the previous year’s figure (€ 7,152 million) by 18%. Earnings before tax of
€ 1,855 million again considerably outperformed the exceptionally good 2005 result (€ 941 million).
Similarly, operating pre-tax profit, excluding the proceeds from the sale of the Vallourec participation
(€ 907 million), came to € 948 million, up on the previous year’s figure of € 803 million.
March 27
In a joint press conference together with Dr. Wolfgang Leese, Chief Executive Officer of Salzgitter AG,
Christian Wulff, Minister President of Lower Saxony, declared that the Federal State intends to hold its
25.2% participation in Salzgitter AG up until at least 2013.
March 28
Salzgitter AG publishes its Annual Report 2006 and presents it to the financial press at its annual
financial statements press conference. In the two days following the press conference, communication
with the financial community was brisk, in particular in well-attended analyst conferences in Frankfurt
and London.
March 28
Salzgitter AG intends to reinforce its position as a supplier of high-caliber products with competitive
advantages in costs structures, productivity, flexibility and customer loyalty. To this end, the investment
program “Salzgitter Steel 2012” was launched with a projected volume of € 1.4 billion as a
decisive step to promote internal growth. The program bolsters the overriding aim of the Group: The
preservation of its entrepreneurial independence through profitability and growth.
March 31
Change in the chairman of Supervisory Board of Salzgitter AG: After eight successful years and at the
end of his period of office, Dr. Wilfried Lochte hands over the chairmanship to Rainer Thieme.
May 15
Salzgitter AG continues to benefit from lively demand for steel and tubes products. In the first quarter,
the Group presents new benchmarks. Consolidated sales soared 20% to € 2.38 billion in the first
three months (first quarter of 2006: € 1.98 billion). Pre-tax profit of € 325.4 million, generated fully
from operations, once again significantly exceeded the all-time high for a quarter (in the fourth quarter
of financial year 2006: € 286.3 million). After-tax profit came to € 196.6 million (first quarter
2006: € 35.7 million).
May 23
The General Meeting of Shareholders of Salzgitter AG ratifies the proposal of the Executive and Supervisory
Boards and approves a dividend of € 1 and a special bonus of € 1 per share, thereby doubling
overall dividend payout in comparison to the previous year.