EANS-Adhoc: voestalpine AG /voestalpine with solid performance despite
challenging environment
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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Financial Figures/Balance Sheet/9-month report
07.02.2013
voestalpine with 10% increase of EBITDA and 20% of EBIT in 3rd fiscal quarter
2012/13 comparised to Q3 2011/12
9 months revenues and earnings nearly stable despite difficult economic
environment
Equity for the first time above EUR 5 billion - Gearing ratio below 50%!
First nine month of FY 2012/13 characterized by overall difficult economic
situation.
Since turn of the year stabilizing business environment on low level due to
soothing measures regarding public debt developments in Europe and the US as
well as indications of a recovery in China.
No essential impulses from emerging markets India and South America.
Continuing subdued demand situation in major industry segments (building-,
automotive- and energy industry), stable development on average level at
mechanical engineering-, consumer goods- and household appliance-industries,
solid demand from aviation industry and railway infrastructure markets.
voestalpine shows - apart from seasonal effects - overall stable business
development in this challenging environment.
More or less full capacity utilization at all major production facilities.
Development of revenues largely stable, earnings decline limited.
Positive earnings and cash flow generation leading to further deleveraging of
the group.
Full year outlook despite an unchanged challenging environment still in line
with expectations according to the letter to shareholders regarding the first
half of FY 2012/13:
Operating results (EBITDA) of approximately EUR 1.4 billion, profit from
operations (EBIT) of about EUR 800 million.
Key figures of voestalpine Group
(acc. IFRS; in EURm)* Q3 2011/12 Q3 2012/13 Change
10/01-12/31/2011 10/01-12/31/2012 in %
Revenue 2,899.5 2,719.7 -6.2
EBITDA 293.8 321.9 +9.6
EBITDA margin in % 10.1 11.8
EBIT 145.0 174.4 +20.3
EBIT margin in % 5.0 6.4
Profit before tax 90.5 125.9 +39.1
Profit for the period** 65.3 100.0 +53.1
EPS (in EUR) 0.27 0.47 +74.0
Gearing ratio in % (12/31) 61.3 49.8
(acc. IFRS; in EURm)* Q1-Q3 2011/12 Q1-Q3 2012/13 Change
04/01-12/31/2011 04/01-12/31/2012 in %
Revenue 8,877.2 8,652.5 -2.5
EBITDA 1,118.0 1,051.7 -5.9
EBITDA margin in % 12.6 12.2
EBIT 676.4 615.1 -9.1
EBIT margin in % 7.6 7.1
Profit before tax 533.8 473.7 -11.3
Profit for the period** 411.4 369.5 -10.2
EPS (in EUR) 2.09 1.83 -12.4
Gearing ratio in % (12/31) 61.3 49.8
* according to IFRS all results after Purchase Price Allocation (PPA)
** before minority interest and hybrid capital interest
Additional information as well as the full report about the third quarter
results of voestalpine AG as of the effective date of December 31, 2012 is
available on our website www.voestalpine.com under the category "Investors." If
you have any questions, please contact our Investor Relations Team
+43/50304/15-8735
Further inquiry note:
DI Peter Fleischer
Head of Investor Relations
Tel.: +43/50304/15-9949
Fax: +43/50304/55-5581
mailto:peter.fleischer@voestalpine.com
http://www.voestalpine.com
end of announcement euro adhoc
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issuer: voestalpine AG
voestalpine-Straße 1
A-4020 Linz
phone: +43 50304/15-9949
FAX: +43 50304/55-5581
mail: IR@voestalpine.com
WWW: www.voestalpine.com
sector: Metal Goods & Engineering
ISIN: AT0000937503
indexes: WBI, ATX Prime, ATX
stockmarkets: official market: Wien
language: English