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Financial Position and Net Assets
Financial management Salzgitter Klöckner-Werke GmbH (SKWG), a wholly-owned subsidiary of Salzgitter AG (SZAG), has carried out cash and foreign currency management principally on a centralized basis ...
Performance and General Business Conditions of the Business Units
Performance and General Business Conditions of theIndustrial Participations / Consolidation
Financial Control System
Our Group companies operate in fiercely competitive markets and in an extremely challenging sectoral environment. Against this backdrop, the Group’s autonomous development and the ongoing improvemen...
Annual report 2016
Who we are Salzgitter AG ranks as one of Germany's companies rooted in a long tradition. Our business activities are concentrated on steel and technology. Through its sustainable organic and external ...
Management and Control
Michael Kieckbusch Personnel a) KHS GmbH, Dortmund Ilsenburger Grobblech GmbH, Ilsenburg until June 2, 2016 Mannesmannröhren-Werke GmbH, Mülheim an der Ruhr Peiner Träger GmbH, Peine Salzgitter ...
Corporate Governance
The Supervisory Board The Executive Board Heinz-Gerhard Wente Chairman Prof. Dr.-Ing. Heinz Jörg Fuhrmann, Chief Executive Officer Declaration of Conformity and Corporate Governance Report The...
Group Structure and Operations
With a crude steel capacity of more than 7 million tons, more than 25,000 employees, and external sales of around € 8 billion in 2016, the Salzgitter Group ranks among Europe's leading steel technolo...
Research and Development
The Salzgitter Group’s research and development (R&D) for the steel-related business units is grouped together under Salzgitter Mannesmann Forschung GmbH (SZMF). SZMF is part of a tight network w...
Employees
As per December 31, 2016, the core workforce of the Salzgitter Group numbered 23,152 employees, which is 372 people less (2 %) compared with the end of the financial year 2015. This reflects the impl...
Plate / Section Steel Business Unit
The Plate / Section Steel Business Unit incorporates the companies of the Group that primarily serve customers in the project-oriented construction and infrastructure sectors. The business unit comp...
Individual Risks
Business unit allocations The main price and procurement risks inherent in the raw materials and energy required primarily affect the Strip Steel, Plate / Section Steel and Mannesmann business units ...
Profitability of the Group
Despite the disastrous conditions on the European steel market caused by imports at the start of the year, the Salzgitter Group closed the financial year 2016 with a significant year-on-year increas...
Audit opinion
ppa. Stephan Hachmeyer Auditor Martin Schröder Auditor „Auditor's certificate  We have audited the consolidated financial statements prepared by Salzgitter Aktiengesellschaft, Salzgitter – co...
Opportunity and Risk Management System
We comment on expectations of the medium-term development of the economy and the potential impact on our company, while taking account of the opportunities and risks, in the section on “Overall State...
The Annual Financial Statements of Salzgitter AG
The annual financial statements of Salzgitter AG (SZAG) for the financial year 2016 have been drawn up in application of the accounting policies and valuation methods of the German Commercial Code, ...
Mannesmann Business Unit
As of August 1, 2016, the Energy Business Unit that comprises the Salzgitter Group’s steel tubes producing companies was renamed as the Mannesmann Business Unit. This measure serves to underscore th...
Industrial Participations / Consolidation
Industrial Participations / Consolidation comprises activities that are not directly allocated to a business unit. As a management holding company, Salzgitter AG does not have any operations of its ...
Strip Steel Business Unit
The core competences of the Strip Steel Business Unit lie in the production of steel in the fully integrated steelworks of Salzgitter Flachstahl GmbH (SZFG) and in subsequent processing to produce h...
Preface by the Executive Board
Michael Kieckbusch Burkhard Becker Prof. Dr.-Ing. Heinz Jörg Fuhrmann Ladies and Gentlemen and our Shareholders, In a succession of eventful years, not least for our Group, 2016 is likely to be r...
Report of the Supervisory Board
In the financial year 2016, the Group raised its earnings compared with the previous year despite the difficult market conditions. A sustainable level over the long-term has, however, not yet been r...
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