Company Profile For Salzgitter AG

Salzgitter AG is the Germany-based holding company for a group of more than 100 domestic and international subsidiaries active in the steel technology industry. The Company operates through five divisions. The Steel division manufactures flat steel and profiles, plate, sheet piles, components for roofing and cladding, blanks and tailored blanks for a variety of applications. The Trading division covers the Group's sales network for large-scale, medium-sized and small end customers. The Tubes division offers large-diameter tubes, high-frequency inductive (HFI) welded line pipes, cold-finished and seamless stainless steel tubes. The Services division caters for the needs of other areas within the group and offers supply chain, logistics, research services and information technology services to external clients. The Technology division comprises the Kloeckner Group, a supplier of plant solutions for the food industry.

BRIEF: For the nine months ended 30 September 2009, Salzgitter AG's total revenues decreased 37% to EUR6.18B. Net loss for the period totaled EUR232.1M, vs. a profit of EUR689M. Total revenues reflect a decrease in demand for the Company's products and services in the Steel Production, Steel Trading, Services and Technology business segments. Net loss for the period reflects decreased gross profit margins as well as lower financing income.