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Ad-Hoc News regarding 3rd Quarter FY 2012/13

7 February 2013 | 

 voestalpine with solid performance despite challenging environment

  • voestalpine with 10% increase of EBITDA and 20% of EBIT in 3rd fiscal quarter 2012/13 comparised to Q3 2011/12
  • 9 months revenues and earnings nearly stable despite difficult economic environment
  • Equity for the first time above EUR 5 billion – Gearing ratio below 50%!

First nine month of FY 2012/13 characterized by overall difficult economic situation.
Since turn of the year stabilizing business environment on low level due to soothing measures regarding public debt developments in Europe and the US as well as indications of a recovery in China.

No essential impulses from emerging markets India and South America.
Continuing subdued demand situation in major industry segments (building-, automotive- and energy industry), stable development on average level at mechanical engineering-, consumer goods- and household appliance-industries, solid demand from aviation industry and railway infrastructure markets.

voestalpine shows - apart from seasonal effects - overall stable business development in this challenging environment.
More or less full capacity utilization at all major production facilities. Development of revenues largely stable, earnings decline limited.
Positive earnings and cash flow generation leading to further deleveraging of the group.
Full year outlook despite an unchanged challenging environment still in line with expectations according to the letter to shareholders regarding the first half of FY 2012/13: Operating results (EBITDA) of approximately EUR 1.4 billion, profit from operations (EBIT) of about EUR 800 million.

Key figures of voestalpine Group

(acc. IFRS; in EURm)* Q3 2011/12
10/01/ - 12/31/2011
Q3  2012/13
10/01/ - 12/31/2012
Change
in %
Revenue 2,899.5 2,719.7 -6.2
EBITDA 293.8 321.9 +9.6
EBITDA margin in % 10.1 11.8  
EBIT 145.0 174.4 +20.3
EBITmargin in % 5.0 6.4  
Profit before tax 90.5 125.9 +39.1
Profit for the period** 65.3 100.0 +53.1
EPS (in EUR) 0.27 0.47 +74.0
Gearing ratio in % (12/31) 61.3 49.8  

 

(acc. IFRS; in EURm)* Q1-Q3 2011/12
04/01/ - 12/31/2011
Q1-Q3  2012/13
04/01/ - 12/31/2012
Change
in %
Revenue 8,877.2 8,652.5 -2.5
EBITDA 1,118.0 1,051.7 -5.9
EBITDA margin in % 12.6 12.2  
EBIT 676.4 615.1 -9.1
EBITmargin in % 7.6 7.1  
Profit before tax 533.8 473.7 -11.3
Profit for the period** 411.4 369.5 -10.2
EPS (in EUR) 2.09 1.83 -12.4
Gearing ratio in % (12/31) 61.3 49.8  

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