Services Division

  Q1 2011      Q1 2010   
  Sales1)      € million      300.0      230.5   
  External sales      € million      119.5      88.0   
  Earnings before tax (EBT)      € million      5.0      5.1   
1) Incl. sales to other corporate divisions

Services-EBT (in € million)

Services-EBT (in € million)

Services-Sales (in € million)

Services-Sales (in € million)
The business activities of the Services Division were determined by the healthy capacity utilization in steel companies. As a result, the division was able to match its good performance in the previous year.

Segment sales rose by a third to € 300.0 million in the first quarter of 2011 in comparison with a year ago. DEUMU Deutsche Erz- und Metall-Union GmbH (DMU), a company trading in raw materials, recorded the strongest growth. Sales doubled, boosted by the significant increase in prices, above all in the steel scrap business. Salzgitter Hydroforming GmbH & Co. KG (SZHF) raised sales significantly (+31 %) on the back of surging demand, particularly from automotive customers. The division’s external sales grew by 36 %.

With a pre-tax profit of € 5.0 million as per March 31, 2011, the division delivered a repeat of the gratifying result posted a year ago. DMU and Hansaport Hafenbetriebsgesellschaft mbH (HAN), an associated company, made decisive contributions and, with the exception of SZAE, all companies belonging to the division achieved positive results.
Manager Login