If you use this site, you agree to our use of cookies. More information I accept cookies
  • Current

CAPITAL MARKETS DAY 2016

FY 2015/16

  • voestalpine with positive and stable results for the BY 2015/16

     

    Due to the concentration on technology-intensive most demanding market segments, voestalpine achieved broadly stable earnings in an undoubtedly challenging economic environment in the business year 2015/16.
    Economically, Europe was able to continue the moderate recovery trend, whereas North America showed easing dynamics towards the end of the business year, Brazil and Russia stayed in deep recession. Structural changes in the Chinese economy led to a slowdown of its growth-rates, resulting in global price pressure for commodities (mainly steel) because of massive oversupply.
    The general downward trend of raw material prices continued in 2015/16; mainly the slump of the oil-price led to substantial pressure on the earnings of the Special Steel and the Metal Engineering Divisions (excluding non-recurring items), which could not be fully offset by an outstanding performance of other market segments (such as railway infrastructure). The Steel Division managed to again increase its earnings despite the challenging environment, thanks to its ambitious cost-cutting and efficiency improvement program; the Metal Forming Division improved earnings even more pronounced due to the strong automotive demand and its internationalization strategy.
    Despite investments on record level (EUR 1,311 million), voestalpine achieved a positive free cash flow (before dividend) and was therefore able to improve its gearing ratio to 54.5% from 58.2% last year.
    The dividend proposal to the AGM is EUR 1.05 per share, an increase of EUR 0.05 compared to last year.

    The results of the business year 2015/16 as well as those of business year 2014/15 are impacted by non-recurring items (changes of consolidation in Metal Engineering Division in 2015/16 and sale of assets in Metal Forming Division in 2014/15 respectively). In addition to these non-recurring items, impairment losses of EUR 38.8 million, EBIT–effective in the 4th Quarter of the business year 2015/16, were included as a consequence of negative market trends affecting the business unit Seamless Tubes (Metal Engineering Division), in particular due to the substantial fall of the oil and gas price.

    For reason of comparison of the operational developments, financial figures excluding non-recurring items in both business years are shown besides the IFRS-data.



    Key figures of voestalpine Group

    (acc. IFRS;
    in EURm)
    FY 2014/15*
    04/01/14 - 03/31/2015
    FY 2015/16
    04/01/15 - 03/31/2016
    Change
    in %
    Revenue 11,189.5 11,068.7 -1.1
    EBITDA 1,530.1 1,583.4 +3.5
    EBITDA-margin % 13.7 14.3  
    EBIT 886.2 888.8 +0.3
    EBIT-margin in % 7.9 8.0  
    Profit before tax 739.0 751.3 +1.7
    Profit for the period** 595.0 602.1 +1.2
    EPS (in EUR) 3.18 3.35 +5.3
    Gearing ratio in % (03/31) 58.2 54.5  

    ** Business Year 2014/15 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
    FY 2014/15*
    04/01/14 - 03/31/2015

    ADJUSTED
    FY 2015/16
    04/01/15 - 03/31/2016

    ADJUSTED
    Change
    in %
    EBITDA 1,468.2 1,445.8 -1.5
    EBITDA-margin in % 13.1 13.1  
    EBIT 841.0 814.4 -3.2
    EBIT-margin in % 7.5 7.4  
    Profit before tax 693.8 676.8 -2.5
    Profit for the period**

    552.6

    509.8 -7.7
    EPS (in EUR) 2.94 2.64 -10.2

    * Business Year 2014/15 retroactively adjusted.
    ** Before deduction of non-controlling interests and interest on hybrid capital.
      

3rd Quarter FY 2015/16

  • Ad-Hoc News from 26 November 2015

    voestalpine is aware of the proceedings of the German Federal Cartel Office that became known today due to searches at competitors of voestalpine. The proceedings also relate to companies of the Special Steel Division of the voestalpine Group. voestalpine takes these proceedings very seriously, cooperates with the authority and currently does not expect that significant fines will be imposed against voestalpine in these proceedings. Due to the ongoing proceedings no further information can currently be made.

2nd Quarter FY 2015/16

1st Quarter FY 2015/16

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

    Corporate Responsibility 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

  • Sabine Weilguny

    Assistant

    T: +43/50304/15-4341

    F: +43/50304/55-5581

    Send e-mail

About voestalpine In its business segments, voestalpine is a globally leading technology and capital goods group with a unique combination of material and processing expertise. With its top-quality products and system solutions using steel and other metals, it 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
48,500 Employees worldwide
Earnings FY 2015/16
11.1 Billion Revenue
1.6 Billion EBITDA
  • voestalpine Share - Last Price:   30.66 € (+0.10 € / +0.31 %)      25.07.2016 17:33:27 MEZ Wiener Börse
  • Ad-Hoc News   Investor Relations