EANS-Adhoc: voestalpine AG /voestalpine reports an expected muted first quarter
2016/17 - outlook for the full business year remains unchanged
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Disclosed inside information pursuant to article 17 Market Abuse Regulation
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Financial Figures/Balance Sheet/3-month report
09.08.2016
In a macroeconomic environment, characterized by persisting uncertainty,
voestalpine Group reported a drop in revenues as well as earnings for the first
quarter of the business year 2016/17, as already announced at the release of the
results of the business year 2015/16.
Because of significant positive non-recurring items in the comparable quarter of
the last business year due to changes of consolidation of businesses in the
Metal Engineering Division, the 12-months comparison of the reported IFRS-
figures does not reflect the operational development.
Excluding these non-recurring items, the decrease of the financial figures
largely reflects the significant deterioration of the economic environment of
the last 12 months.
Apart from the continuous worsening of the oil and gas business with collateral
effects on further industrial segments and aperiodic financial burdens in the
Steel Division (ramp up of the new DRI plant in Corpus Christi, Texas, USA and
readjustment of the coal injection at a blast furnace in Linz, Austria), the
time delay of contract steel prices vs. steel spot market prices is mainly
responsible for the results development.
The progression of the business year 2016/17 is unchanged expected to develop
positively; in particular the second half of 2016/17 is expected to show a
clearly better EBITDA and EBIT contribution than the first half.
The voestalpine Group therefor continues to aim for an operating result (EBITDA)
and profit from operations (EBIT) that will come close to the figures in the
last business year (adjusted figures).
Key figures of the voestalpine Group:
_____________________________________________________
|(acc._IFRS;_in_EURm)___|Q1_2015/16*|Q1_2016/17|Change|
|_______________________|04/01/_-___|04/01/_-__|in_%__|
|_______________________|06/30/2015_|06/30/2016|______|
|Revenue________________|3,001.7____|2,772.4___|-7.6__|
|EBITDA_________________|526.6______|333.9_____|-36.6_|
|EBITDA_margin_in_%_____|17.5_______|12.0______|______|
|EBIT___________________|368.4______|167.6_____|-54.5_|
|EBIT_margin_in_%_______|12.3_______|6.0_______|______|
|Profit_before_tax______|328.2______|138.9_____|-57.7_|
|Profit_for_the_period**|289.5______|105.8_____|-63.5_|
|EPS_(in_EUR)___________|1.61_______|0.58______|-64.0_|
|Gearing_ratio_in_%_____|53.4_______|55.9______|______|
* Q1 2015/16 retroactively adjusted.
** Before deduction of non-controlling interests and interest on hybrid capital.
Figures adjusted by special items from changes of consolidation:
______________________________________________________
|(acc. IFRS; in EURm) |ADJUSTED |ADJUSTED |ADJUSTED|
|______________________ |Q1_2015/16*|Q1_2016/17|Change__|
|______________________ |04/01/_-___|04/01/_-__|in_%____|
|______________________ |06/30/2015_|06/30/2016|________|
|EBITDA________________ |389.0______|333.9_____|-14.2___|
|EBITDA_margin_in_%____ |13.0_______|12.0______|________|
|EBIT__________________ |236.9______|171.5_____|-27.6___|
|EBIT_margin_in_%______ |7.9________|6.2_______|________|
|Profit_before_tax_____ |196.7______|142.8_____|-27.4___|
|Profit_for_the_period**|151.7______|108.7_____|-28.3___|
|EPS_(in_EUR)__________ |0.77_______|0.59______|-23.4___|
* Q1 2015/16 retroactively adjusted.
**Before deduction of non-controlling interests and interest on hybrid capital.
Further details on the 1st quarter results 2016/17 are available on our homepage
www.voestalpine.com or feel free to contact the Investor Relations team +43/
50304/15-9949.
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