EANS-Adhoc: voestalpine AG
voestalpine with further progression of earnings in
3rd fiscal quarter 2010/11
-------------------------------------------------------------------------------- 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. --------------------------------------------------------------------------------
9-month report
18.02.2011
voestalpine group has achieved significant increases in sales and earnings in the first 9 months of FY 2010/11 in comparison with last year. Even on a consecutive approach, further enhancements in all earning-categories of the P&L can be reported for the 3rd quarter of FY 2010/11. Contrary to the recent trends observed in the European steel industry, voestalpine group shows a stable development of margins, accompanied by full capacity utilization in all major production facilites, in the course of 2010 despite the high volatility of raw material price developments. Hence the group´s focus on segments demanding highest technological and quality standards, as well as the company´s positioning regarding geography and industry-sectors, is successfully validated.
The increasing stabilization of the upward trend of the global economy during 2010 is prolonged at the beginning of 2011. Against the backdrop of this overall positive economic environment in major parts of the world in 2011, a further increase of demand in most product areas can be assumed. This translates into full utilisation rates and well secured price levels at least until summer 2011 for all divisions of voestalpine group.
Key figures of voestalpine group
(acc. IFRS; in EURm)* Q1-Q3 2009/10 Q1-Q3 2010/11 Change
01.04. - 31.12.2009 01.04. - 31.12.2010 in %
Revenue 6,288.3 7,936.6 26.2
EBITDA 663.9 1,107.0 66.7
EBITDA margin in % 10.6 13.9
EBIT 175.1 658.2 275.9
EBIT margin in % 2.8 8.3
Profit before tax 47.5 514.9 984,0
Profit for the period** 51.6 400.3 675,8
EPS (in EUR) -0.05 2.02
Gearing ratio in % 81.2 65.4
* according to IFRS all results after Purchase Price Allocation (PPA)
** before non-controlling interests and interest on hybrid capital
Additional information as well as the full report about the third quarter
results of voestalpine AG per effective day of December 31, 2010 is available on
our homepage www.voestalpine.com at the category "Investors". If you have any
questions please contact our Investor Relations-Team +43/50304/15-8735end of announcement euro adhoc --------------------------------------------------------------------------------
Contact:
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