Salzgitter AG / Key word(s): Change in Forecast 28.06.2016 15:12 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Since the early months of 2016, Europe's steel market has stabilized notably, which is due above all to the surprisingly steep decline in Chinese dumping imports and the associated increase in the price level of many steel products. Therefore, the expectations of business and the results for the Salzgitter Group are more positive at present than predicted at the beginning of the year. In this context, the Trading Business Unit in particular is benefiting from the favorable development on the spot markets. The Salzgitter Group is therefore raising its guidance for the current financial year - subject to the stable development of the market. We now assume the following: - owing particularly to lower shipment volumes of the internation trading business a slight decrease of sales to around EUR 8.0 to 8.5 billion compared with 2015 (former guidance: sales virtually stable at around EUR 8.6 billion; previous year: EUR 8.6 billion), - pre-tax profit of between EUR 30 and 60 million, which already includes a net burden of around EUR 10 million on earnings from expenses anticipated for individual measures for structural improvement within the Group and proceeds from the disposal of equipment and machinery (former guidance: pre-tax result around breakeven at the operating level; previous year: EUR 13 million) and - a return on capital employed marginally above the previous year's level (former guidance: marginally positive ROCE; previous year: 2.1%). We make reference to the fact that opportunities and risks from currently unforeseeable trends in selling prices, input material prices and capacity level developments, as well as changes in the currency parity, may still considerably affect performance in the course of the financial year 2016. The resulting fluctuation in the consolidated pre-tax result may be within a considerable range, either to the positive or to the negative. This information is released on the basis of the current Guidelines for Issuers of the German Financial Supervisory Authority (BaFin). Contact: Markus Heidler Head of Investor Relations Salzgitter AG Eisenhüttenstraße 99 38239 Salzgitter Phone +49 5341 21-6105 Fax +49 5341 21-2570 E-Mail [email protected] 28.06.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Salzgitter AG Eisenhüttenstraße 99 38239 Salzgitter Germany Phone: +49 5341 21-01 Fax: +49 5341 21-2727 E-mail: [email protected] Internet: www.salzgitter-ag.de ISIN: DE0006202005 WKN: 620200 Listed: Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart; Terminbörse EUREX End of Announcement DGAP News-Service ---------------------------------------------------------------------------