BOEHLER-UDDEHOLM AG (ADR) is an international specialty steel company operating in four divisions: High Performance Metals, Welding Consumables, Precision Strip and Special Forgings. The Company has production sites in Austria, Sweden, Germany, Belgium, Italy, Turkey, the United States, Brazil and Mexico, and heat treatment operations worldwide. Its key customers include the automotive and automotive supplier industries, tool and machine tool manufacturers, aircraft manufacturers, consumer goods and electronics industries, wood and saw industry, textile and paper industries, steel and apparatus construction companies, power station and plant construction companies. The Company's primary sales markets are Europe, America and Asia.
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For the six months ended 30 June 2006, Boehler-Uddeholm Group's revenues increased 30% to EUR1.55B. Net income increased 31% to EUR116M. Revenues reflect an increase in sales from high performane metals, increased price levels, higher sales from precision strips and rise in sales due to acquisition. Net income also reflects an increase in gross margins, lower other operating expense and decrease in net interest expense.

