EANS-Adhoc: Salzgitter Group specifies its profit guidance for the financial year 2012

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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SALZGITTER AG

26.06.2012

The economic outlook for Germany and the eurozone as a whole has
deteriorated further due to the severe problems caused by Europe's
debt crisis. This development falls markedly short of the
expectations underlying the profit guidance released by the
Salzgitter Group on May 15, 2012. Against this backdrop, many steel
processors and stockholding steel traders are expecting business to
stagnate. Having replenished their stocks in the first quarter, they
have now adopted a wait-and-see stance. This has had a notably
negative impact on the demand for rolled steel. The pressing
necessity of raising prices to counteract the in part exchange-rate
induced persistently high level of raw material costs now only seems
possible in the third quarter of 2012. Under these circumstances,
breakeven can no longer be anticipated for the Salzgitter Group's
Steel Division this year. If, however, international demand for
German industrial goods remains healthy -and particularly given the
currently moderate inventories of rolled steel- it is feasible that
the steel market might stage a recovery in late summer. In contrast,
the other Tubes, Trading, Services and Technology divisions are
developing in line with the results forecasts in May. We continue to
anticipate stable sales at minimum and a positive pre-tax result for
the Salzgitter Group in the lower- to mid-double-digit million euro
range. As in recent years, we make reference to the fact that
opportunities and risks from currently unforeseeable trends in
selling prices, input material prices and capacity level
developments, as well as changes in the currency parity, may
considerably affect performance in the course of the financial year
2012. The resulting fluctuation in the consolidated pre-tax result
may be within a considerable range, either to the positive or to the
negative.

end of ad-hoc-announcement ==========================================
====================================== Disclaimer: Some of the
statements made in this report possess the character of forecasts or
may be interpreted as such. They are made upon the best of
information and belief and by their nature are subject to the proviso
that no unforesee-able deterioration occurs in the economy or in the
specific market situation pertaining to the division companies, but
rather that the underlying bases of plans and outlooks prove to be
accurate as expected in terms of their scope and timing. The company
undertakes no obligation to update any forward-looking statements.

Further inquiry note:
Investor Relations
+49 (0) 5341/21-3783kleinermann.b@salzgitter-ag.de

end of announcement euro adhoc
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issuer: Salzgitter AG
Eisenhüttenstraße 99
D-38239 Salzgitter
phone: +49 (0) 5341-21-3783
mail: info@salzgitter-ag.de
WWW: http://www.salzgitter-ag.de
sector: Iron & Steel
ISIN: DE0006202005
indexes: Midcap Market Index, MDAX, CDAX, Classic All Share, Prime All Share
stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf,
Stuttgart, regulated dealing/prime standard: Frankfurt
language: English