Salzgitter AG: Salzgitter Group continues earnings trend with very satisfactory summer quarter

DGAP-Ad-hoc: Salzgitter AG / Key word(s): 9-month figures Salzgitter AG: Salzgitter Group continues earnings trend with very satisfactory summer quarter 08-Nov-2017 / 17:02 CET/CEST Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.   According to the preliminary figures now available, the Salzgitter Group generated a pre-tax profit of EUR 174.5 million in the first three quarters of the financial year 2017 (9M 2016: EUR 21.1 million), thereby outperforming the estimates of the capital market (EUR 148 million on average). This is the best result for a nine-month period since 2008. The strong performance of the Strip Steel and Trading business units and effects from internal programs of measures more than offset the usual seasonal impact in the summer quarter from customer behavior as well as scheduled repair and maintenance standstills. The result includes EUR -8.7 million (9M 2016: EUR 16.8 million) in contribution anticipated from the Aurubis investment that was impacted for the last time by EUR -80.0 million in aggregated valuation effects (9M 2016: EUR -16.7 million) from the Aurubis bond exchangeable into shares that was repaid at the end of October 2017. We affirm our earnings forecast that we raised on October 24, 2017, and anticipate: - an increase in sales to around EUR 9 billion, - a pre-tax profit of between EUR 175 million and EUR 225 million and - a return on capital employed that is discernibly higher year on year. This outlook takes account of the income from the derivative liability to be released, as well as countervailing effects emanating from the proportionate derecognition of the book value of the Aurubis shares relinquished and the probable impact - with an initially lowering effect on the results - of measures envisaged under the groupwide "FitStructure SZAG" optimization program. Further details on the financial statements for first the nine months of the financial year 2017 will be published on November 14, 2017, as scheduled. Contact: Markus Heidler Head of Investor Relations Salzgitter AG Eisenhüttenstraße 99 38239 Salzgitter Phone [phone] Fax [phone] E-Mail [e-mail] 08-Nov-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	Salzgitter AG
	Eisenhüttenstraße 99
	38239 Salzgitter
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.salzgitter-ag.de
ISIN:	DE0006202005
WKN:	620200
Listed:	Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

End of Announcement	DGAP News Service

626833  08-Nov-2017 CET/CEST