Download - Salzgitter AG

A Group Management Report and Management Report on Salzgitter AG I. Business and the Environment 76 77
Tax invoice €/share
Cash dividend 2.37
Creditable capital gains tax and solidarity surcharge 0.63
Dividend 3.00
Investor Relations
In 2007, the excellent operational and financial position of the Group once again elicited the lively
interest of the capital market in Salzgitter AG and in our share. Apart from analysts’ conferences in
Frankfurt am Main and London to present the annual report published on the financial year 2006 and
the results of the first half of 2007, Salzgitter AG made company presentations during the course of
the year at a number of investors’ conferences and undertook numerous road shows in Germany, the
rest of Europe and the USA. A large number of institutional investors and financial analysts took part
in these events, and some of them also visited the location of the Group to gain an insight into the
structures, processes, products and potential of the Salzgitter Group on site and in discussion with
members of the Executive Board and other managers.
Many private investors and representatives of the financial press informed themselves through
direct contact and with the aid of our web site about Salzgitter AG. The “Freundeskreis der Aktionäre
der Salzgitter AG” (circle of friends of Salzgitter AG shareholders) also enjoyed great popularity. At its
events, many members again used the opportunity of finding out about current developments within
the Group and the steel sector and of exchanging ideas with representatives of the Group.
At least 193 recommendations and company reports on Salzgitter AG were made in total in
the financial year 2007 by some 35 banks and financial publications. At year-end, their ratings were:
26 buy/outperform, 5 hold/neutral, 4 sell/underperform. Three banks took up the coverage of our
company in 2007.
At present, the financial institutions listed below report regularly on our Group:
Bankhaus Lampe
BHF Bank
Cheuvreux
Commerzbank
Credit Suisse
Deutsche Bank
DZ-Bank
EXANE BNP Paribas
Goldman Sachs
HSBC
JP Morgan
Landesbank Baden-Württemberg
Landsbanki Kepler Equities
MainFirst
Metzler
MM Warburg
NORD/LB
Sal. Oppenheim
Steubing
UBS
UniCredit
WestLB
The high estimation of the capital market gives us great pleasure: Second prize in the “MDAX companies“
of “Investor Relations Preis 2007“, awarded by the Deutsche Vereinigung für Finanzanalyse und
Asset Management (DVFA) and the trade journal Capital, as well as third place for the “Deutscher
Investor Relations Preis 2007“ of Thomson, the global leader of financial information services, are
motivation and an obligation, as is the choice of Dr.-Ing. Heinz Jörg Fuhrmann as the best chief financial
officer in the Metals and Mining sector by the Institutional Investor Research Group.
Business and
the Environment