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.