EANS-News: SALZGITTER AG - first nine months of 2012

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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quarterly report

Subtitle: Challenging market environment causes a decline in results

Salzgitter (euro adhoc) - Following a promising start to the year,
the Salzgitter Group was exposed to an increasingly difficult
environment in the first nine months of the financial year 2012.
Along with the European steel market already ailing in a number of
regions, the business activities of German steel processors and
traders have also recently lost discernible momentum. Against this
background, the Salzgitter Group reported a notable decline in its
pre-tax result as against the previous year, first and foremost due
to the unsatisfactory development in the results of the Steel
Division.

Consolidated external sales climbed by 9 % to EUR 8,015.1 million (9
months 2011: EUR 7,331.4 million). The greatest contribution was made
by the significant increase in the business volume of the Trading
Division. The pre-tax result stood at EUR -42.6 million at the end of
the first nine months of 2012 (9 months 2011: EUR 169.1 million).
This figure comprises a total of EUR 44.6 million in after-tax
contribution by Aurubis AG, a participation included at equity (9
months 2011: EUR 52.9 million). The consolidated result after tax
amounted to EUR -48.2 million (9 months 2011: EUR 114.7 million).
With an equity ratio unchanged at 43 % and a net financial position
of EUR 573 million, the financial situation of our company remains
sound; Salzgitter AG is therefore well equipped to meet the current
challenges.

External sales by Division (EUR million):

9M 2012 (9M 2011)
Steel 2,037.6 (2,071,4)
Trading 3,659.0 (2,810.6)
Tubes 1,164.7 (1,299.6)
Services 313.3 (355.7)
Technology 813.0 (728.4)
Other 27.5 (65.6)
Group 8,015.1 (7,331.4)

Earnings before tax (EBT) by Division (EUR million):

9M 2012 (9M 2011)
Steel -149.8 (35.9)
Trading 42.0 (53.3)
Tubes 17.2 (59.3)
Services 12.5 (14.6)
Technology 0.8 (-36.5)
Other/Consolidation 34.8 (42.5)
Group -42.6 (169.1)

Over the course of the year to date, European steel activities were
impacted by the tense economic situation in the countries of southern
Europe that have been particularly hard hit by sovereign debt and
structural problems. The activities of German steel processors and
traders have also recently been increasingly affected by the more
pessimistic business outlook. With regard to the Salzgitter Group, we
affirm our forecast for stable sales at minimum and now anticipate a
pre-tax result around breakeven.

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. Additional positive or
negative effects may arise from structural or methodological changes.
This includes in particular measurement pursuant to IFRS standards
and their application. The resulting fluctuation in the consolidated
pre-tax result may be within a considerable range, either to the
positive or to the negative.

Disclaimer: Some of the statements made in this report possess the
character of forecasts or may be interpreted as such. They are made
to the best of knowledge and belief, and by their nature are subject
to the proviso that no unforeseeable deterioration occurs in the
economy or in the specific market conditions pertaining to the
companies of the various divisions, 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:
Bernhard Kleinermann
+49 (0) 5341/21-1852
ir@salzgitter-ag.de

end of announcement euro adhoc
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company: 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