voestalpine – heading to new records after three quarters
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.