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Ad-Hoc News regarding 1st Quarter FY 2013/14

7 August 2013 | 

voestalpine reports largely stable earnings, margins slightly improved

After the broad downturn of the economy in the course of last year, the past months showed a certain stabilizing trend. Against this backdrop voestalpine Group reports all in all stable results for the first quarter of the business year 2013/14, both, in comparison to last year’s figures as well as in relation to the immediately preceding quarter. The gearing ratio (net financial debt in percent of equity) decreased further in this reporting period, whereas the number of employees, not least because of the latest acquisitions, rose to a new record level of 47,154 people (FTE) per 30.06.2013.

From today’s perspective a further stabilization of the economic development in the coming months seems realistic, although a considerable risk of setbacks – not only in Europe – remains in place. An at least stable business cycle within the next months would create the prerequisites for a global economic recovery in 2014.

With regards to earnings expectations (EBITDA and EBIT) for the full business year 2013/14 a repetition of last year’s figures seems the most probable scenario, unchanged to the view at the beginning of the business year, although a little better secured. 

Key figures of the voestalpine Group

(acc. IFRS;
in EURm)
Q1 2012/13
1.4.12 - 30.6.2012
Q1 2013/14
1.4.13 - 30.6.2013
Change in %
Revenue 3,050.6 2,936.1 -3.8
EBITDA 372.4 366.3 -1.6
EBITDA margin in % 12.2 12.5  
EBIT 228.0 223.3 -2.1
EBITmargin in % 7.5 7.6  
Profit before tax 185.1 179.9 -2.8
Profit for the period* 144.9 138.6 -4.3
EPS (in EUR) 0.74 0.69  -6,8
Gearing ratio in % 49.9 44.0  

* Before minority interest and hybrid capital interest