Interim Report 1st Half 2010

Salzgitter Group in Figures

		H1 2010	H1 2009	+/-
Crude steel production ¹⁾	kt	3,375.0	2,043.4	1,331.6

External sales	€ million	4,034.2	4,125.7	-91.5
Steel Division	€ million	1,081.6	799.9	281.6
Trading Division	€ million	1,409.2	1,683.7	-274.5
Tubes Division	€ million	892.0	1,107.9	-215.8
Services Division	€ million	195.3	146.4	48.9
Technology Division	€ million	429.7	367.5	62.3
Others	€ million	26.4	20.5	6.0
Export share	%	50.6	52.6	-2.0

EBITDA ²⁾³⁾	€ million	177.2	-0.5	177.7
EBIT ³⁾⁴⁾	€ million	39.3	-159.6	199.0
Earnings before tax (EBT)	€ million	-5.1	-195.2	190.1
Steel Division	€ million	-76.2	-190.2	114.0
Trading Division	€ million	43.4	-57.7	101.1
Tubes Division	€ million	13.1	96.0	-82.9
Services Division	€ million	11.4	-5.4	16.8
Technology Division	€ million	-15.7	-43.7	28.0
Others/Consolidation	€ million	18.9	5.8	13.1
Earnings after tax	€ million	-3.5	-165.0	161.6
Earnings per share (undiluted)	€	-0.11	-3.07	2.96
ROCE ⁵⁾⁶⁾	%	0.4	-8.1	8.5

Operating cash flow ⁷⁾	€ million	148.6	811.6	-662.9
Capital expenditure ⁸⁾	€ million	208.0	311.5	-103.6
Depreciation and amortization ⁸⁾	€ million	136.6	152.1	-15.5

Balance sheet total	€ million	8,438.7	8,005.0	433.7
Fixed assets	€ million	3,301.5	3,135.1	166.3
Current assets	€ million	5,137.2	4,869.9	267.3
of which inventories	€ million	1,589.6	1,768.1	-178.6
of which cash and cash equivalents	€ million	1,591.9	1,481.8	110.1
Equity	€ million	3,908.0	4,115.4	-207.5
Liabilities	€ million	4,530.7	3,889.6	641.1
Non-current liabilities	€ million	2,535.6	2,328.6	207.0
Current liabilities	€ million	1,995.1	1,561.0	434.1
of which due to banks ⁹⁾	€ million	93.1	98.7	-5.6
Net position to banks	€ million	1,491.1	1,415.6	75.5

Employees	€ million
Personnel expenses	€ million	730.5	682.4	48.1
Core workforce	30/06/	23,310	23,920	-610
Total workforce	30/06/	25,085	25,595	-510

Disclosure of financial data in compliance with IFRS
1) In regard of the participation in Hüttenwerke Krupp Mannesmann
2) EBITDA = EBT + interest paid/ - interest income + depreciation and amortization
3) changed definition from 01.01.2010 on, retrospectively adapted
4) EBIT = EBT + interest paid/ - interest income
5) ROCE = EBIT in relation to the total of shareholders' equity (without calculation of accrued and deferred taxes) , tax provisions, interest-bearing liabilities (excluding pension provisions) and liabilities from financial leasing, forfaiting
6) Annualized
7) Description changed as against previous year
8) Excluding financial assets
9) Current and non-current liabilities to banks

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