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Ad-Hoc News regarding 1st Quarter FY 2009/10

20 August 2009 | 

voestalpine with declining sales and profit in the first quarter 2009/10 in difficult market environment.

The business year 2009/10 has turned out to be the most difficult in decades. In this challenging environment the first quarter has shown significant decreases in sales and earnings.

Whereas the EBITDA remained clearly positive with an amount of EUR 135 million and 6.5% margin despite the economic slump, the EBIT turned negative, amounting to EUR -24 million and -1.2% margin after PPA. Without the pure book accounting effects from the PPA, the EBIT remains positive and reaches EUR 5.1 million and 0.25% margin, respectively.

For the second quarter of the business year 2009/10 voestalpine group is targeting for break even at EBIT level. The outlook for the full business year 2009/10 remains unchanged with a positive profit from operations (EBIT) expected.

Key figures of voestalpine Group

(gem. IFRS;
in Mio. EUR)
Q1 2008/09*
1.4.2008 - 30.6.2008
Q1 2009/10
1.4.2009 -30.6.2009
Change
in %
Umsatz 3.255,0 2.073,6 -36,3
EBITDA 542,6 134,9 -75,1
EBITDA margin in % 16,7 6,5  
EBIT 357,7 -24,0 -106,7
EBIT margin in % 11,0 -1,2  
Profit before tax 302,3 -67,7 -122,4
Profit for the period** 240,9 -48,2 -120,1
EPS (in EUR) 1,35 -0,40 -129,6

* Last year’s figures were retrospectively adjusted
** Before minority interest and hybrid capital interest