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voestalpine reports most successful mid year

13 November 2007 | 

During the first half of 2007/08, the voestalpine Group attained new dimensions in sales revenue, operating profit and workforce as a result of the integration of the Special Steel Division (Böhler-Uddeholm Group).

At the same time, even without taking the new Division into account, the first half of the current business year was the most successful six-months period in the history of the Group. Thus, voestalpine AG is heading for a new record result for the fourth year in a row in the 2007/08 financial year.

Earnings of the Division Special Steel (Böhler-Uddeholm Group) and consequently of voestalpine Group are influenced by purchase price allocation (PPA) due to IFRS 3, which is a pure accounting measure without any cash flow implications. The development of the first half of voestalpine without this accounting measure (PPA) is shown in a pro forma statement excl. PPA in the table below.

Key figures of voestalpine Group

(acc. IFRS; in EURm) 1 2006/07
01.04.-
30.09.2006
1H 2007/08
01.04.-
30.09.2007
Change
in %
1H 2007/08
pro forma
(excl. ppa)
Revenue 3.368 4.749 + 41,0 4,749
EBITDA 617 905 + 46,5 951
EBITDA margin in % 18,3 19,1   20,0
EBIT 447 612 + 37,1 732
EBIT margin in % 13,3 12,9   15,4
EBT 428 556 + 29,91 676
Profit for the period 323 434 +34,6 521
EPS (in EUR)** 2,0 2,7   3,3