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voestalpine heading for a new record after best half-year in the Group's history

13 November 2006 | 

For already the fifth time in succession the voestalpine Group has presented an improved half-year result. With a noticeable increase in revenue and all relevant financial key figures as compared to the previous year, the first six months of the financial year 2006/07 were the most successful ones so far in the history of the Group.

The most relevant figures developed as follows (as compared to the 1st six months of the financial year 2005/06):

  • Revenue increased by 7.8% from EUR 3,262.4 million to EUR 3,515.7 million.
  • EBITDA (earnings before interest, taxes, depreciation, and amortization) rose by 14.4% from EUR 549.7 million to EUR 628.7 million. The EBITDA margin was 17.9% compared to 16.8% in the previous year.
  • EBIT (profit from operations) reached EUR 455.4 million, corresponding to an increase by 22.6% (EUR 371.5 million). Thus, the EBIT margin improved from 11.4% to 13.0%.
  • EBT (profit before tax) came to EUR 436.1 million and was therefore 25.4% higher than in the previous year (EUR 347.9 million).
  • The result after taxes (profit for the period) also rose substantially; at EUR 328.8 million, it was 26.3% higher than that of last year (EUR 260.4 million).
  • The earnings per share for the first half of 2006/07 were EUR 2.05, thus increasing by 26.5% as compared with the second half of the previous financial year (EUR 1.62).
  • The equity of the voestalpine Group as of 30 September 2006 amounted to EUR 2,751.7 million and thus increased by 18.3% compared with the same effective date of the previous year (EUR 2,326.0 million). As, at the same time, the net financial debt was reduced by 45.1% from EUR 610.8 million to EUR 335.6 million, the gearing ratio (net financial debt as percent of equity) dropped significantly from 26.3% to 12.2%.
  • As of 30 September 2006, the voestalpine Group had 24.103 employees (not including apprentices). Compared to the previous year (23.548) this corresponds to a growth of 2.4%.