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Ad-Hoc News regarding 2nd Quarter FY 2011/12

17 November 2011 | 

voestalpine increases revenues and earnings significantly

In the first half of the business year 2011/12, voestalpine group was able to increase revenues by 15%, the operational profit (EBIT) by 28% as well as the earnings before and after tax by 40% each, compared to last year’s figures.
The first 6 months of the current business year were characterized by stable development on high level in the automotive and machine building industries as well as in the oil and gas, the railways and aircraft sectors. In contrast, the building industry remained under pressure and the consumer and household appliance industries lost momentum significantly. Against the backdrop of solid demand in the industry segments of most importance for voestalpine, the utilization rate in all 5 divisions was unchanged on high level, apart from seasonal fluctuations over summer.
A difficult economic environment is looming ahead for the second half of the current business year as the demand situation is increasingly differentiating by market segments, based on the aggravated general circumstances (public debt situation, crisis in the banking and financial sector).
From today’s point of view slightly weaker earnings for the full business year 2011/12 compared to last year (FY 2010/11) have to be envisaged.

Key figures of voestalpine Group

(acc. IFRS;
in EURm)
H1 2010/11
1.04.10 - 30.09.2010
H1 2011/12
1.04.11 - 30.09.2011
Change
in %
Revenue 5,191.8 5,977.7 15.1
EBITDA 710.5 824.2 16.0
EBITDA margin in % 13.7 13.8  
EBIT 414.2 531.4 28.3
EBIT margin in % 8.0 8.9  
Profit before tax 317.4 443.3 39.7
Profit for the period** 249.7 346.1 38.6
EPS (in EUR) 1.24 1.82 46.8 
Gearing ratio in % 65.8 60.9  

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