Year 2005 proved to be a hard one for all the steel industries worldwide. Nevertheless, Sidenor Group managed not only to maintain its market share but to increase its sales volume and also its turnover by 4,5% from Euro 915 millions in 2004 to Euro 957 millions in 2005. During the last quarter of 2005 the steel sector started to upturn, resulting in a significant increase in both operating profits and profits before taxes of the 4th quarter in comparison to the first 3 quarters of the year. In particularly, profits before taxes of the 4th quarter of 2005 amounted to Euro 11,9 millions, an amount that represents approximately the 39% of total year's profits. It is noted that the Company's Board of Directors decided to propose at the General Stockholders Meeting which will take place in 13th of June 2006, the distribution of dividend 0,16 Euro/share, a total amount of Euro 15.281.060 increased by 60% in relation to the previous year.