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Ad-Hoc News regarding 3rd Quarter FY 2010/11

18 February 2011 | 

voestalpine with further progression of earnings in 3rd fiscal quarter 2010/11

voestalpine group has achieved significant increases in sales and earnings in the first 9 months of FY 2010/11 in comparison with last year. Even on a consecutive approach, further enhancements in all earning-categories of the P&L can be reported for the 3rd quarter of FY 2010/11.
Contrary to the recent trends observed in the European steel industry, voestalpine group shows a stable development of margins, accompanied by full capacity utilization in all major production facilites, in the course of 2010 despite the high volatility of raw material price developments.
Hence the group’s focus on segments demanding highest technological and quality standards, as well as the company’s positioning regarding geography and industry-sectors, is successfully validated.

The increasing stabilization of the upward trend of the global economy during 2010 is prolonged at the beginning of 2011. Against the backdrop of this overall positive economic environment in major parts of the world in 2011, a further increase of demand in most product areas can be assumed. This translates into full utilisation rates and well secured price levels at least until summer 2011 for all divisions of voestalpine group.

Key figures of voestalpine group

(acc. IFRS;
in EURm)*
Q1-Q3 2009/10
1.4.2009 - 31.12.2009
Q1-Q3 2010/11
1.4.2010 -31.12.2010
Change
in %
Revenue 6,288.3 7,936.6 26.2
EBITDA 663.9 1,107.0 66.7
EBITDA margin in % 10.6 13.9  
EBIT 175.1 658.2 275.9
EBIT margin in % 2.8 8.3  
Profit before tax 47.5 514.9 984.0
Profit for the period** 51.6 400.3 675.8
EPS
(in EUR)
-0.05 2.02  
Gearing ratio in % 81.2 64.5  


* according to IFRS all results after Purchase Price Allocation (PPA)
** before non-controlling interests and interest on hybrid capital