SALZGITTER AG: Sales and profit remain on track for new record highs at the end of the first nine months of 2007

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finances/Interim report

Salzgitter (euro adhoc) - The Salzgitter Group set new record highs
in its sales and operating profit for a nine-month period.

All divisions, especially Steel and Trading, contributed to lifting
consolidated external sales by EUR 1.29 billion to EUR 7.50 billion
(nine months 2006: EUR 6.21 billion). Another contributing factor was
the first-time consolidation of Klöckner-Werke and Vallourec
Précision Etirage (VPE), which were acquired at the start of the
third quarter. Earnings before tax of EUR 980.4 million, generated
solely through operations, outperformed the previous year´s figure of
EUR 661.5 million by 48 % (EBT 9 months 2006 including proceeds of
EUR 907 million from the sale of the Vallourec participation: EUR
1.57 billion). In the period under review, profit after tax came to
EUR 594.9 million (9 months 2006: EUR 1.35 billion); earnings per
share amounted to EUR 10.38 (9 months 2006: EUR 23.66). Return on
capital employed (ROCE) posted 29.0 % (9 months 2006: 54.9 %).

Total sales by Division (EUR million):
9M 2007 (9M 2006)
Steel 3,021 (2,467)
Tubes 1,870 (1,600)
Trading 3,764 (3,248)
Servies 900 (771)
Technology 278 -
Others/Consolidation 325 (225)
Group 10,158 (8,311)

External sales by Division (EUR million):
9M 2007 (9M 2006)
Steel 2,168 (1,793)
Tubes 1,343 (1,161)
Trading 3,262 (2,871)
Servies 390 (316)
Technology 246 -
Others/Consolidation 91 (67)
Group 7,501 (6,207)

External sales by Division (EUR million):
9M 2007 (9M 2006)
Steel 569.5 (301.3)
Tubes 210.2 (184.3)
Trading 176.5 (149.2)
Servies 47.6 (16.6)
Technology -9.9 (-)
Others/Consolidation -13.4 (917.0)
Group 980.4 1.568.5)

All in all, based on current information and in view of expectations
of the development of the procurement and sales markets, as well as
of the general conditions, and taking account of the effects of the
Profit Improvement Program, we expect the Salzgitter Group to
generate an operating EBT of around EUR 1.2 billion in the current
year. Express reference is made to the fact that opportunities and
risks arising from currently unforeseeable trends in sales prices,
input materials and capacity level developments, as well as changes
in the currency parity, may affect performance in the course of the
remaining financial year 2007.

More information can be found in the full press release and interim
report published today (see www.salzgitter-ag.de).

end of announcement euro adhoc 14.11.2007 07:15:00
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ots Originaltext: Salzgitter AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Bernhard Kleinermann
Tel.: +49 (0) 5341-21-3783
E-Mail: ir@salzgitter-ag.de

Branche: Iron & Steel
ISIN: DE0006202005
WKN: 620200
Index: MDAX, CDAX, HDAX, Midcap Market Index, Classic All Share,
Prime All Share
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