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Ad-Hoc New regarding 2nd Quarter FY 2010/11

18 November 2010 | 

voestalpine with significant increase in sales and earnings in the 1st half of 2010/11

The first half of the business year 2010/11 brought along nearly a tenfold increase of voestalpine AG’s operational result compared to the same period in the previous year.

With full utilization rates in almost all segments – against the downward trend in the European steel industry since summer 2010 – voestalpine group is back to an altogether normalised business environment after the crises in the years of 2008 and 2009. The development of the 2nd half 2010/11 is expected to be stable with widely full capacity utilization.

Key figures of voestalpine Group

(acc. IFRS; in EURm)* 1H 2009/10
1.4. - 30.09.2009
1H 2010/11
1.4. - 30.09.2010

Change in %

Revenue 4,181.8 5,191.8 24.2
EBITDA 366.8 710.5 93.7
EBITDA margin in % 8.8 13.7  
EBIT 42.7 414.2 870.0
EBIT margin in % 1.0 8.0  
Profit before tax -42.3 317.4  
Profit for the period** -19.8 249.7  
EPS (in EUR) -0.35 1.24  
Gearing ratio in % 90.0 65.8  

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