DGAP-News

Salzgitter AG: Half-yearly result burdened by structural crisis in the European steel industry - 'Salzgitter AG 2015' generates profit potential of EUR 200 million p.a. - Seite 3

plant to reduce metallurgy costs. Under the current circumstances, the
amortization period will be a mere two years. The overall profit
improvement potential identified and backed by projects within the Group
amounts to more than EUR 200 million p.a. More than half of this amount is
attributable to the further development of technical processes and
initiatives in the areas of logistics, procurement and data processing,
along with reducing personnel through downsizing more than 1,500 positions.
For the purpose of personnel-related measures, a 'Pact for the Future'
(Zukunftsvertrag) between the company, the Group Works Council and IG
Metall has been negotiated as a framework agreement and is due for formal
signing in the near future. Along with the necessary adjustments to
capacity and streamlining of largely administrative processes, the
reorganization is aimed at significantly strengthening the innovation and
customer orientation of the Group and its companies.

Disclaimer: Some of the statements made in this report possess the
character of forecasts or may be interpreted as such. They are made upon
the best of information and belief and by their nature are subject to the
proviso that no unforeseeable deterioration occurs in the economy or in the
specific market situation pertaining to the division companies, but rather
that the underlying bases of plans and outlooks prove to be accurate as
expected in terms of their scope and timing. Notwithstanding prevailing
statutory provisions and capital market law in particular, the company
undertakes no obligation to continuously update any forward-looking
statements that are made solely in connection with circumstances prevailing
on the day of their publication.

More information can be found in the full press release and interim report
published today (please refer to: www.salzgitter-ag.com/en/).


Contact:
Markus Heidler

Deputy Head of Investor Relations

Salzgitter AG
Eisenhüttenstraße 99
38239 Salzgitter

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


End of Corporate News

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

14.08.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

DGAP's 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: Regulierter Markt in Frankfurt (Prime Standard), Hannover;
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart


End of News DGAP News-Service
---------------------------------------------------------------------
225642 14.08.2013