All Stories
Subscribe to voestalpine AG

16.01.2019 – 21:50

voestalpine AG

EANS-Adhoc: voestalpine AG
voestalpine below market expectation in the third business quarter due to special items, adjustment of earnings expectation for business year 2018/19

  Disclosed inside information pursuant to article 17 Market Abuse Regulation
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
  The issuer is responsible for the content of this announcement.

Earnings Forecast

Linz - The preliminary earnings figures for the first nine months of the
business year 2018/19 with an EBITDA of around EUR 1.1 billion and an EBIT of
around EUR 525 million are below market expectations.

This is due, on the one hand, to a significantly higher impact on earnings from
the ramp-up of automotive activities in voestalpine Automotive Components
Cartersville, USA, as well as related one-off effects from provisions due to
external transfers of orders. In addition, a provision was necessary for
possible adverse effects on the net assets, financial position and results of
operations of the voestalpine Group in connection with a pending investigation
by the German Federal Cartel Office against steel producers on suspicion of anti
competitive practices in the past in the market for heavy plates (see also the
ad-hoc release of 12 September 2017).

Due to lower earnings for the first nine months and a further expected economic
slowdown in the last fiscal quarter, the Management Board of voestalpine
adjusted the earnings forecast for the full business year 2018/19 and as of now
expects an EBITDA of approximately EUR 1.55 billion and an EBIT of approximately
EUR 750 million.

The figures given are preliminary and unaudited.

Further inquiry note:
DI Peter Fleischer
Head of Investor Relations
Phone: +43/50304/15-9949
Fax:  +43/50304/55-5581

end of announcement                         euro adhoc

issuer:       voestalpine AG
              voestalpine-Straße  1
              A-4020 Linz
phone:        +43 50304/15-9949
FAX:          +43 50304/55-5581
ISIN:         AT0000937503
indexes:      WBI, ATX
stockmarkets: Wien
language:     English

Original content of: voestalpine AG, transmitted by news aktuell