Profitability, Financial Position and Net Assets

Almost all the business activities of the Salzgitter Group were affected by the global financial and economic crisis in the financial year 2009. Against this backdrop, the broad-based and sound business of our company and its business policy that is geared to sustainability have proved to be extremely advantageous. The positive contributions by the Tubes Division, the Aurubis holding and our extensive other financial investments were nonetheless unable to compensate for the operating results of the Steel, Trading and Technology divisions which were particularly hard-hit. A comprehensive program for reducing costs initiated at short notice served to ease the burden considerably.