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euro adhoc: Salzgitter AG
Annual Reports
Key data for financial year 2004

Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
09.03.2005
Against the background of an exceptional market for rolled steel
products and tubes, the Salzgitter Group recorded a significant boost
in earnings in financial year 2004.
Consolidated Group sales rose 23 % to EUR 5.9 billion (2003: EUR 4.8
billion). Pre-tax profits at EUR 322.8 million (2003: EUR 42.5
million) also set a new record in comparison with past years. After
taxes the Group made a profit of EUR 246.7 million (2003: EUR 28.1
million), with a return on capital employed of 24.4 % (2003: 4.6 %).
External sales and pre-tax results at the various divisions:
(EUR million)         Ext. sales  Ext. sales  EBT   EBT
Division              2004        (2003)      2004  (2003)
Steel                 1,759       (1,432)     164.0 (46.9)
Tubes                 1,005       (920)       120.5 (2.6)
Trading               2,642       (2,027)     98.9  (13.1)
Services              313         (241)       20.4  (13.7)
Processing            222         (221)       -0.2  (0.1)
Consolidation/Others                          -80.8 (-34.0)
Group                 5,941       (4,842)     322.8 (42.5)
The financial statements for 2004 contain a series of on-balance
sheet measures: On the one hand the change in inventory valuations at
the Steel Division in line with current IFRS accounting rules yielded
a positive contribution of EUR 35.0 million to the bottom line. While
on the other hand, the balance sheet also reflects precautionary
measures of EUR 108.4 million in extraordinary writedowns on fixed
assets at some Group subsidiaries. For the last time, the reversal of
negative goodwill originating mainly from the acquisition of
Mannesmannröhren-Werke in the year 2000 boosted income by a further
EUR 60.4 million.
For further details and an outlook on the current financial year,
please refer to today's press release (see www.salzgitter-ag.de).
end of announcement                    euro adhoc 09.03.2005 06:30:00 

Further inquiry note:

Bernhard Kleinermann
Tel.: +49 (0) 5341-21-3783
E-Mail: kleinermann.b@salzgitter-ag.de
Tel.:49 (0) 5341-21-01
FAX: +49 (0) 5341-21-2727
Email: gersdorff.b@salzgitter-ag.de

Branche: Iron & Steel
ISIN: DE0006202005
WKN: 620200
Index: MDAX, Prime Standard, CDAX, HDAX
Börsen: Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Frankfurter Wertpapierbörse / official dealing
Niedersächsische Börse zu Hannover / official dealing

Original content of: Salzgitter AG, transmitted by news aktuell

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