DGAP-Adhoc

Salzgitter AG: Discontinuation of the sheet piling product segment - Executive Board decides to close down the operations of HSP Hoesch Spundwand und Profil GmbH

Salzgitter AG / Key word(s): Miscellaneous

16.06.2015 14:42

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

The Executive Board of Salzgitter AG took the decision in its meeting today
to close down the operations of HSP Hoesch Spundwand und Profil GmbH (HSP),
a wholly-owned subsidiary of Salzgitter AG. The company produces steel
sections used primarily in water engineering, road and railway
construction, civil engineering and environmental protection. Declining
demand for these products over years has repeatedly led to substantial
losses, despite high levels of investment and restructuring endeavors.
Since efforts to sell the company to a purchaser with a more cost-effective
supply of input material were also unsuccessful, the closure in order to
avoid further negative consequences for the Group became unavoidable.

Approximately 350 employees are affected by the measure. The Group is
committed to finding a socially sustainable solution.

In the financial year 2015, we anticipate the costs of winding down
operations in the mid-double-digit million euro range. We are nonetheless
adhering to our sales and earnings guidance for the Salzgitter Group.


Contact:
Markus Heidler

Head of Investor Relations

Salzgitter AG
Eisenhüttenstraße 99
38239 Salzgitter

Phone [phone]
Fax [phone]
E-Mail [e-mail]


16.06.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and 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

End of Announcement DGAP News-Service

---------------------------------------------------------------------------