Germany's second-largest steelmaker Salzgitter AG has released its financial report for the first half of 2008.
According to the report, during the first half of 2008 the consolidated external sales of Salzgitter increased by 32 percent from €4.72 billion to €6.23 billion, its earnings after tax rose from €398.7 million to €436.9 million, while its consolidated earnings before tax dropped down from €663.6 million to €646.4 million, all compared with the same period last year.
The company's profit before interest, taxes, depreciation & amortization (EBITDA) saw an increase from €789.5 million to €799.9 million year on year.
In the financial year 2008, Salzgitter AG plans to increase its earnings before tax to over one billion euro.