Annual Report 2009

MEASURE FIRST, THEN UNLOAD.

When ships are unloading, every minute counts. Bulk cargoes present a special challenge, as the material is constantly shifting while offloading is in progress. In the past it was a matter of judging every movement of the crane by eye. Now, thanks to the leading edge technology the procedure has been perfected: A 3D laser scanner detects the distribution of the material in real time, while a satellite navigation system plots the position of the crane with centimeter accuracy. In combination with an inertial navigation system borrowed from the aviation industry, it is now possible to set down the 35 ton grab in just the right place. With the result that expensive time in port has been substantially reduced. A solution made to measure.

Home > Salzgitter Group in Figures

The Salzgitter Group in Figures

		FY 2009	FY 2008	FY 2007	FY 2006	FY 2005
External sales	€ m	7,818	12,499	10,192	8,447	7,152
Steel Division	€ m	1,674	3,002	2,852	2,440	2,177
Trading Division	€ m	3,039	5,622	4,385	3,971	3,244
Tubes Division	€ m	2,045	2,172	1,815	1,510	1,407
Services Division	€ m	303	519	504	425	324
Technology Division¹⁾	€ m	718	1,038	513	–	–
Other/Consolidation	€ m	41	146	123	101	–

Earnings before tax (EBT)	€ m	– 496	1,003	1,314	1,855²⁾	941
EBT by division
Steel Division	€ m	– 374	546	749	434	431
Trading Division	€ m	– 128	151	213	201	88
Tubes Division	€ m	104	312	303	263	441³⁾
Services Division	€ m	8	24	40	15	9
Technology Division¹⁾	€ m	– 210	4	4	–	–
Other/Consolidation	€ m	103⁴⁾	– 32⁴⁾	5	942²⁾	– 28

Net income for the year	€ m	– 387	677	905	1,510	842

Balance sheet total	€ m	8,052	8,701	8,406	6,978	5,414
Non-current assets	€ m	3,184	2,918	2,168	1,631	1,900
Current assets	€ m	4,868	5,783	6,238	5,347	3,514
Inventories	€ m	1,466	2,551	2,084	1,653	1,439
Shareholders’ equity	€ m	3,904	4,346	4,246	3,457	2,012
Liabilities	€ m	4,147	4,355	4,160	3,521	3,402
Non-current liabilities	€ m	2,553	2,380	2,380	2,187	2,079
Current liabilities	€ m	1,595	1,975	1,780	1,334	1,323
of which due to banks	€ m	95⁵⁾	132	119	140	178

Investments⁶⁾	€ m	677	653	385	236	262
Depreciation and amortization⁶⁾	€ m	543	278	225	201	206

Employees
Personal expenses	€ m	1,397	1,472	1,232	1,014	994
Annual average core workforce⁷⁾	empl.	23,769	23,866	20,072	16,949	17,184
Annual average total workforce⁸⁾	empl.	25,639	25,628	21,648	18,352	18,499
Crude steel production⁹⁾	kt	4,918	6,901	7,325	7,363	7,142

Key figures
Earnings before interest and tax (EBIT)¹⁰⁾	€ m	– 468	1,072	1,351	1,901	970
EBIT before depreciation and amortization (EBITDA)	€ m	100	1,362	1,581	2,102	1,186
Return on capital employed (ROCE)¹¹⁾	%	– 10.5	21.9	28.0	47.8	38.9
Cash flow	€ m	1,190	547	781	488	468

1) Companies of the Technology Division consolidated as per July 1, 2007; EBT including effects of purchase price allocation
2) Including proceeds from sale/hedging of VLR shares of € 907 million
3) Excluding contribution from the sale of V&M and VLR activities; assigned to the ”Other/Consolidation” item
4) Including amortization of goodwill
5) Current and non-current liabilities to banks
6) Excluding financial investments

7) Excluding trainees and non-active age-related part-time employees
8) Including trainees and non-active age-related part-time employees
9) Taking consideration of share in HKM under company law
10) EBT plus interest paid (excluding the interest portion of allocations to pension provisions)
11) EBIT divided by the sum of shareholders’ equity, tax provisions and interest-bearing liabilities (from 2005 including liabilities from finance leasing, forfaiting and asset-backed securitization)

deutsch |