Ad-Hoc New regarding 2nd Quarter FY 2010/11
voestalpine with significant increase in sales and earnings in the 1st half of 2010/11
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.
(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