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  • voestalpine Share 24.04.2014 11:38

    Last Price EUR 32.48

    Change +0.01 €
    +0.05 %
     
    Day Volume 36,099
    Day High 32.78 €
    Day Low 32.41 €
    Previous close 32.47 €
     
    52 Week High 36.90 €
    52 Week Low 23.21 €

    Detail-Chart

  • voestalpine with stable profitability (margins) but slight declines in sales and earnings in the first nine months 2013/14

    Although the macroeconomic lead-indicators moved back into growth territory in the second half of 2013, sales and earnings of voestalpine group, although with largely stable margins, still declined in the first three quarters 2013/14. The third quarter 2013/14 however seems to mark the trough.

    Letter to Shareholders


    Letter to Shareholders Download (PDF)

    9th Basic Materials Seminar London 2014

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    • Investor Relations

      The main focus of our concerns is continuous open communication, to provide our investors best possible transparency.
      We are trying to make a fair assessment of our shares on the capital market and to manifest confidence of our bond creditors in voestalpine.
       

    • Current

    3rd Quarter FY 2013/14

    • voestalpine with stable profitability (margins) but slight declines in sales and earnings in the first nine months 2013/14


      Although the macroeconomic lead-indicators moved back into growth territory in the second half of 2013, sales and earnings of voestalpine group, although with largely stable margins, still declined in the first three quarters 2013/14. The third quarter 2013/14 however seems to mark the trough.
      Whereas the processing divisions Metal Engineering and Metal Forming were able to increase profits in an annual comparison, the Special Steel Division and in particular the Steel Division were negatively impacted by the far reaching weakness of large parts of the energy segment (pipeline and power plants).
      Based on the recently placed pipeline projects and the recovery in most other industrial segments in the beginning of 2014, the turnaround of the earnings trend seems recognizable in the final quarter 2013/14.
      Overall the results of voestalpine AG for 2013/14 (EBITDA, EBIT) from a present day perspective will come in somewhat beneath last year’s figures.
       
      Key figures of voestalpine Group

      (acc. IFRS;in EURm) Q1-Q3 2012/131
      04/01-12/31/2012
      Q1-Q3  2013/14
      04/01-12/31/2013
      Change
      in %
      Revenue 8,652.5 8,384.1 -3.1
      EBITDA 1,043.8 1,006.8 -3.5
      EBITDA margin in % 12,1 12.0  
      EBIT 607.2 573.0 -5.6
      EBIT margin in % 7.0 6.8  
      Profit before tax 473.7 456.5 -3.6
      Profit for the period2 369.5 351.6 -4.8
      EPS 1.83 1.71 -6.6
      Gearing ratio in % (12/31)) 49.8 50.2  


      1
      Business Year 2012/13 retroactively adjusted in accordance with IAS 19 (revised).
      2Before deduction of non-controlling interests and interest on hybrid capital.
       

    2nd Quarter FY 2013/14

    • Invalidation Procedure for Physical Shares of voestalpine AG

       

      At April 2013, 50,803 bearer shares certificated by 1,402 physical share certificates with the following denominations were in the personal custody of shareholders.

      Although the Gesellschaftsrechtsänderungsgesetz (Austrian Company Law Amendment Act – GesRÄG) 2011 permits the shares of listed companies to remain bearer shares, these shares must be certificated in one, or if necessary more than one, global certificates that are to be deposited with a securities clearing and deposit bank in accordance with § 1(3) of the Depotgesetz (Austrian Safe Custody Act – DepotG) (Oesterreichische Kontrollbank Aktiengesellschaft – OeKB) or an equivalent foreign institution.

      Under these provisions, the Company is obligated to replace all outstanding physical share certificates with one global certificate by 31 December 2013 and, if necessary, declare any physical share certificates that have not been submitted to be invalid in accordance with § 67 of the Aktiengesetz (Austrian Stock Corporation Act – AktG) in combination with § 262(29) AktG.

      By order of the Linz Regional Court dated 19 April 2013, the intended invalidation was approved. By a call for submissions of share certificates published three times in the Amtsblatt zur Wiener Zeitung (Official Gazette) on 10 July 2013, 13 August 2013 and 17 September 2013, all of the shareholders of voestalpine AG holding bearer shares of common stock in the Company in the form of physical share certificates were asked to submit their share certificates by no later than 23 October 2013 in exchange for which they would be granted shares deposited with a securities clearing and deposit bank.

      By resolution dated 4 November 2013, voestalpine AG declared invalid 8,975 bearer shares, certificated by 389 physical share certificates, which were not submitted on or before 23 October 2013. Shareholders may no longer exercise shareholder rights on the basis of physical share certificates which have been invalidated (in particular, they may no longer attend general meetings of shareholders or receive dividends), but they may, of course, continue, as before, to exchange their physical shares for shares deposited with a securities clearing and deposit bank.
       

    1st Quarter FY 2013/13

    Contacts

    • Peter Fleischer

      Peter Fleischer

      Head of Investor Relations

      T: +43/50304/15-9949

      F: +43/50304/55-5581

      Send e-mail

    • Gerald Resch

      Gerald Resch

      Investor Relations Manager

      T: +43/50304/15-3152

      F: +43/50304/55-5581

      Send e-mail

    • Claudia Korntner

      Claudia Korntner

      CR Manager

      T: +43/50304/15-6599

      F: +43/50304/55-5581

      Send e-mail

    • Andrea Klepp

      Andrea Klepp

      Assistant

      T: +43/50304/15-8735

      F: +43/50304/55-5581

      Send e-mail

    • Melanie Raab

      Assistant

      T: +43/50304/15-5221

      F: +43/50304/55-5581

      Send e-mail

    About voestalpine The voestalpine Group is a steel-based technology and capital goods group that operates worldwide. With its top-quality products, the Group is one of the leading partners to the automotive and consumer goods industries in Europe and to the oil and gas industries worldwide.
    Facts
    50 Countries on all 5 continents
    500 Group companies and locations
    46,400 Employees worldwide
    Earnings FY 2012/13
    11.5 Billion Revenue
    1.45 Billion EBITDA
    • voestalpine Share - Last Price:   32.48 € (+0.01 € / +0.05 %)      24.04.2014 11:38 MEZ Wiener Börse (ATX 2,537.93+)
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