Salzgitter AG’s stock market listing: a success story that commenced on June 2, 1998

June 2, 2018 marks the 20th anniversary of Salzgitter AG's flotation. Since this date, the Group has grown while safeguarding its autonomy and has written its own story of success achieved through its own endeavors, as the facts and figures show.

Compared with the year of our listing, sales have trebled from 3.2 billion to nine billion euros. The Group's core workforce has doubled, even though a good share of the Group's activities do not take place in business lines that can generate quantitative growth in their own right. The Group's equity has more than quadrupled, and this without any external capital increases. As far as its expansion is concerned, a balance between expansion and a sound basis has always been sought, which is quite simply what the volatile steel business demands. And the Group has evidently found it. An equity ratio of 36 percent both today and twenty years ago is proof of this.

The Group's stock market capitalization has likewise more than quadrupled, and its share price has risen from just under ten euros at the end of 1998 to over 45 euros today, with dividends that have amortized the purchase price back then within a space of only ten years.

The overall return for a shareholder who has hung on to his or her Salzgitter share since our listing comes to 425 percent, including dividend payouts, which works out at 7.5 percent per year.

This is quite a record, also because we have always communicated openly that Salzgitter AG does not exclusively pursue shareholder value but is also a stakeholder oriented company.

Prof. Dr.-Ing. Heinz Jörg Fuhrmann, Chief Executive Officer, made the following statement on this aspect at the Annual General Meeting of Shareholders on May 24, 2018: 'Nevertheless, or perhaps because of this, we have been successful in creating considerably more shareholder value than some companies which have exclusively espoused this principle. Thanks for this goes to the many who have traveled the path with us over the past twenty years while demonstrating farsightedness and courage.'

We have documented the story of Salzgitter AG, both on our website and internally through the Intranet. Moreover, we make reference at this point to an article dated May 25, 2018 from the Börsen-Zeitung describing the development of the Group.

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