Services Division

1) Incl. sales in own segment and to other corporat e divisions

The healthy economic conditions, the flourishing business of the Salzgitter Group, and the ensuing stronger demand for services by the Group’s companies and external companies enabled the Services Division to successfully increase its contribution to the Group in the first six months of 2007.

Gross sales of the division totaled € 603 million in the reporting period and set a new record figure for a half year. This development was mainly due to the higher selling prices of scrap and industrial metals and the greater trading volume of the raw materials trading company DEUMU Deutsche Erz- und Metall-Union GmbH. At the same time, the external sales of the division climbed 28 % to € 263 million.

Profit before tax rose 18 % to € 14.3 million. Along with DEUMU, Verkehrsbetriebe Peine-Salzgitter GmbH and Hansaport Hafenbetriebsgesellschaft mbH were the main drivers behind this excellent result.