EANS-News: voestalpine AG voestalpine reports best half year?s results since
?Lehman?
--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is responsible for the content of this announcement.
--------------------------------------------------------------------------------
Mid Year Financial Report
Linz - The global macroeconomic environment was characterized by improving
dynamics for the most part in the first six months of the business year 2017/18.
Apart from private consumption, which was the main pillar for economic growth in
most regions in the past, investment activities increasingly contributed to the
positive development in the course of the first half 2017/18.
This development applies in particular for Europe and increasingly also for
North America, whereas China utilizes the continuous stable development for
reforms of its environmental- and climate change policies without risking the
underlying positive economic trend. After several years of recession, first
signs of an economic turnaround are visible in Brazil.
For voestalpine Group this development meant ongoing strong sales in the
automotive as well as the consumer goods industry. In addition, dynamics in
industrial segments, like mechanical engineering-, oil- and gas-equipment-
industry and portions of the building and construction industry improved. By
contrast, the demand in the railway infrastructure segment stays subdued, with
the only exemption of China. Power plant construction stays unchanged weak, not
only in Europe, but also in several other regions in the world.
Against this backdrop, voestalpine Group was able to prolong the excellent
development of the first business quarter 2017/18 and significantly increased
sales and earnings in all categories in the first half of 2017/18 compared to
the past business year.
Essential for this development were increased product prices and partly higher
shipment volumes together with an improved product mix and permanent efficiency
improvements in all business units of the group.
The Steel Division reported the by far strongest earnings boost, however all
other Divisions were able to improve their results on an operational basis as
well.
Against the backdrop of the positive global growth prospects that remain
unchanged even at the start of the second half of the business year 2017/18, the
substantially positive development in both revenue and earnings that is expected
for the business year 2017/18 compared to the previous year seems to be
unchanged secure.
voestalpine GROUP KEY FIGURES
H1 2016/17 H1 2017/18
In millions of euros 04/01-09/30/2016 04/01-09/30/2017 Change in %
Revenue 5,407.8 6,302.3 + 16.5
EBITDA 704.9 968.9 + 37.5
EBITDA margin 13.0 % 15.4 %
EBIT 368.9 584.2 + 58.4
EBIT margin 6.8 % 9.3 %
Profit before tax 311.4 513.6 + 64.9
Profit after tax* 233.7 388.9 + 66.4
Earnings per share (euros) 1.28 2.09 + 63.3
Gearing ratio in % (09/30) 60.1 53.5
*Before deduction of non-controlling interests and interest on hybrid capital.
Further details on the 2nd quarter results 2017/18 are available on our homepage
www.voestalpine.com [http://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
--------------------------------------------------------------------------------
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
ISIN: AT0000937503
indexes: WBI, ATX
stockmarkets: Wien
language: English