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voestalpine reaching new record earnings in first nine months despite downturn in 3rd fiscal quarter

25 February 2009 | 

During the first nine months of the business year 2008/09 the voestalpine Group has been able to achieve increases in revenue and earnings over the previous year in spite of the ongoing tightening in the global economy since last autumn. Although these figures represent the company’s best-ever 9-month operating result, this development was driven by an excellent business performance in the first half year, whereas in the 3rd quarter significant impacts from the global financial crisis were clearly noticeable.

The earnings of the 3rd fiscal quarter 2008/09 moreover were significantly influenced by exceptional write downs in an amount of 110 m€, forthcoming from globally fast declining prices of raw materials in general and alloys in particular.

Key figures of voestalpine Group

(acc. IFRS;
in EURm)
Q1-Q3 2007/08*
1.4.07 - 31.12.07
Q1 2008/09
1.4.08 - 31.12.08
Change in %
Revenue 7,447.6 9,280.1 +24.6
EBITDA 1,361.9 1,510.1 +10.9
in %
18.3 16.3  
EBIT 874.6 981.8 +12.3
in %
11.7 10.6  
Profit before tax 770.5 764.7 -0.8
Profit for the period** 611.9 606.1 -0.9
EPS (in EUR)*** 3.73 3.40  -8.8

* Last year’s figures were retrospectively adjusted
** Before minority interest and hybrid capital interest
*** From continuing operations