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

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.