EANS-Adhoc: voestalpine AG
voestalpine increases sales and earnings
significantly in the first quarter 2010/11 - optimistic outlook
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.
quarterly report
19.08.2010
The ongoing economic recovery leads to further improvements in sales and soaring earnings of voestalpine Group. Besides considerable progression in volumes, the implementation of efficiency and cost saving programs are substantial drivers of the actual earnings development. The gearing ratio decreases by 4.1% within the last quarter to 67.2% at present, based on the obvious positive net income and the consistently low kept investments. Based on the developments so far, the earnings estimation for the business year 2010/11 has to be valued very significantly above last year´s level, even by taking formidable contingencies concerning the economic situation in 2011 into account.
Key figures of voestalpine Group
(acc. IFRS; in EURm)* Q1 2009/10 Q1 2010/11 Change
01.04.-30.06.2009 01.04.-30.06.2010 in %
Revenue 2,093.2 2,556.1 22.1
EBITDA 134.2 350.9 161.5
EBITDA margin in % 6.4 13.7
EBIT -26.3 203.3
EBIT margin in % -1.3 8.0
Profit before tax -70.1 156.5
Profit for the period** -48.2 121.1
EPS (in EUR) -0.40 0.60
Gearing ratio in % 90.1 67.2* according to IFRS all results after Purchase Price Allocation (PPA) ** before minority interest and hybrid capital interest
More information on the 1st quarter result is available on our website www.voestalpine.com or please contact our Investor Relations-Team +43/50304/15-9949
end of announcement euro adhoc
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
Branche: Metal Goods & Engineering
ISIN: AT0000937503
WKN: 897200
Index: WBI, ATX Prime, ATX
Börsen: Wien / official market