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Most successful half year and single quarter in the history of voestalpine Group

20 November 2008 | 

In the first six months of the 2008/09 business year, the voestalpine Group was able to continue its growth path, achieving further increases over the previous year relative to revenue, profit and employees and reaching a new record high in spite of a worsening economic environment. Same applies for the second quarter on a stand alone basis with an EBIT of EUR 470.4 million (pre ppa) respectively EUR 427.8 million (after ppa), showing the best three months’ financial figures in the group’s history.

Whereas the first half of the business year 2008/09 was characterized by new record EBIT levels of all single divisions, by the end of summer 2008, the crisis in the financial and capital markets had finally spread across the board and to the real economy. As a result of rapidly sinking investment and consumption quotas, the massive economic slump which has now occurred is expected to deteriorate further.

In spite of this more difficult economic environment and therefore weaker results for the second half of the current business year, the management board still intends to achieve results for the current business year which match those of the business year 2007/08.

Key figures of voestalpine Group (after ppa) ****

(acc. IFRS;
in EURm)
1H 2007/08*
1.4.07 -30.09.07
(after ppa)
1H 2008/09
1.4.08 - 30.09.08
(after ppa)
Change
in %
Revenue 4,694.9 6,486.2 38.2
EBITDA 906.0 1,143.4 26.2
EBITDA margin
in %
19.3 17.6  
EBIT 616.5 785.6 27.4
EBIT margin
in %
13.1 12.1  
Profit before tax 560.5 658.9 17.6
Profit for the period** 434.3 518.8 19.5
EPS (in EUR)*** 2.76 2.96  

Key figures of voestalpine Group (pre ppa) ****

(acc. IFRS;
in EURm)
1H 2007/08*
1.4.07 -30.09.07
(pre ppa)
1H 2008/09
1.4.08 - 30.09.08
(pre ppa)
Change
in %
Revenue 4,694.9 6,486.2 38.2
EBITDA 952.2 1,176.4 23.5
EBITDA margin
in %
20.3 18.1  
EBIT 736.5 918.4 27.4
EBIT margin 
in %
15.7 14.2  
Profit before tax 680.5 791.7 16.3
Profit for the period** 520.9 622.2 19.4
EPS (in EUR)*** 3.31 3.60  

* Last year’s figures were retrospectively adjusted
** Before minority interest and hybrid capital interest
*** From continuing operations
**** With respectively without accounting effects from purchase price allocation BÖHLER-UDDEHOLM (IFRS 3)