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Ad-Hoc News regarding 1st Quarter FY 2010/11

19 August 2010 | 

voestalpine increases sales and earnings significantly in the first quarter 2010/11 - optimistic outlook

The ongoing economic recovery leads to further improvements in sales and soaring earnings of voestalpine Group.
Besides considerable progression in volumes, the implementation of efficiency and cost saving programs are substantial drivers of the actual earnings development.
The gearing ratio decreases by 4.1% within the last quarter to 67.2% at present, based on the obvious positive net income and the consistently low kept investments.
Based on the developments so far, the earnings estimation for the business year 2010/11 has to be valued very significantly above last year’s level, even by taking formidable contingencies concerning the economic situation in 2011 into account.

Key figures of voestalpine Group

(acc.IFRS; in EURm)*


Q1 2010/11
in %
Revenue 2.093,2 2.556,1 22,1
EBITDA 134,2 350,9 161,5
EBITDA margin in % 6,4 13,7  
EBIT -26,3 203,3  
EBIT margin in % -1,3 8,0  
Profit before tax -70,1 156,5  
Profit for the period* -48,2 121,1  
EPS (in EUR) -0,40 0,60  
Gearing Ratio in % 90,1 67,2  

* according to IFRS all results after Purchase Price Allocation (PPA)
** before minority interest and hybrid capital interest