Services Division

1) Incl. sales to other corporate divisions

The difficult situation in the steel industry continued to exert a major impact on course of business of the Services Division. In view of the fact that internal and third-party customers drew on the services of the Division to a much lesser extent, it was unable to repeat the year-earlier results.

The Division’s sales contracted by 48 %. The raw materials trading company DEUMU Deutsche Erz- und Metall-Union GmbH (DMU) was particularly hard hit, as it was faced with a severe slump in steel scrap trading volume and major declines in scrap prices over the course of the year. Salzgitter Automotive Engineering GmbH & Co. KG (SZAE), a company dedicated exclusively to supplying external automotive customers, and the companies Hansaport Hafenbetriebsgesellschaft GmbH (HAN) and Verkehrsbetriebe Peine-Salzgitter GmbH (VPS) recorded significant declines in orders. The Services Division’s external sales dropped by 48 %. At the start of the financial year, Salzgitter Hydroforming GmbH & Co. KG (SZHF) was integrated into Salzgitter Group’s consolidated companies, which only incurred a minor positive effect.

The Services Division recorded a loss before tax of € 1.7 million in the reporting period. Whereas the companies closely associated with steel and vehicle production delivered negative contributions, the other companies remained in the profit zone.