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voestalpine – heading to new records after three quarters

25 February 2008

voestalpine group was able to prolong its, since several years lasting positive development and reached new record levels in terms of sales as well as earnings in the first nine months of the business year 2007/08.

Although in particular divisions the third business quarter was influenced by temporary weaknesses, a trend reversal in the current quarter is becoming apparent. As the outlook is unchanged positive, voestalpine is heading towards another record year, ending on March 2008.

Purchase Price Allocation (PPA) due to IFRS 3, an obligatory measurement based on the acquisition of the majority of Böhler-Uddeholm AG, is negatively influencing earnings figures of voestalpine group on a pure accounting level, without any cash flow implications. The earnings development of the first three quarters of FY 2007/08 excluding those PPA accounting measures is shown separately on a pro forma statement (excl. PPA) in the table below.

Key figures of voestalpine Group

(acc. IFRS; in EURm) Q1-3 2006/07*
01.04.-
31.12.06
Q1-3 2007/08
01.04.-
31.12.07
Change
in %
Q1-3 2007/08
pro forma
(excl. ppa)
Revenue 5,114.6 7,530.2 47.2 7,530.2
EBITDA 963.3 1,360.1 41.2 1,452.5
EBITDA margin in % 18.8 18.1   19.3
EBIT 707.3 868.5 22.8 1,108.5
EBIT margin in % 13.8 11.5 11.6 14.7
Profit before tax 684.2 763.6 11.6 1,003.6
Profit for the period** 524.4 611.9 16.7 784.1
EPS (in EUR)*** 3.23 3.70 14.6 4.81

* Retrospective adjustment
** Before minority interest and hybrid capital coupons
*** From continuing operations


More information on the 3rd quarter result is available on our website www.voestalpine.com or contact our Investor Relations Team +43/50304-15-9949.

About voestalpine The voestalpine Group is a steel-based technology and capital goods group that operates worldwide. With its top-quality products, the Group is one of the leading partners to the automotive and consumer goods industries in Europe and to the oil and gas industries worldwide.
Facts
50 Countries on all 5 continents
500 Group companies and locations
46,400 Employees worldwide
Earnings FY 2012/13
11.5 Billion Revenue
1.45 Billion EBITDA
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