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07.02.2019 – 07:30

voestalpine AG

EANS-News: voestalpine AG
Special effects burden the first three quarters of 2018/19 of voestalpine AG

  Corporate news transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is responsible for the content of this announcement.

Quarterly Report

Linz - While the first months of the business year 2018/19 were still marked by
solid demand in almost all market segments and economic regions of relevance to
voestalpine, noticeable effects of the US-led global trade conflict began to
become visible after the summer.
At the same time, major distortions in the European automotive industry emerged,
triggered by a new exhaust emission test procedure (WLTP). From a regional point
of view, the Chinese market was generally weaker over the course of the year.
The earnings development was additionally burdened by internal negative special

Special effects in Q3 2018/19
While the first half of the business year 2018/19 was influenced mainly by the
relining of the largest blast furnace of the Group, the third quarter was
impacted by negative earnings effects from the ramp-up of automotive activities
at voestalpine Automotive Components Cartersville, USA, and related one-off
effects from the formation of provisions.
In addition the creation of 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.

Based on the assumption of a moderate cyclical economic trend over the next few
months and no dramatic distortions due to political developments (global trade
policy, BREXIT and the like), the voestalpine Group's operating result (EBITDA)
for 2018/19 can be expected in the range of EUR 1,550 million and a profit from
operations (EBIT) in the range of EUR 750 million, according to the development
for 2018/19 already indicated in the ad hoc announcement of January 16, 2019.
Revenues for the business year 2018/19, ending on March 31, 2019, should exceed
those of the previous year and thus reach a new record high.

Key figures of voestalpine Group


*Before deduction of non-controlling interests and interest on hybrid capital.

voestalpine AG's 3rd quarter results BY 2018/19 as of December 31, 2018, may be
viewed on the Company's website, [http://], under the "Investors" tab.

Further inquiry note:
DI Peter Fleischer
Head of Investor Relations
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:      ATX, WBI
stockmarkets: Wien
language:     English

Original content of: voestalpine AG, transmitted by news aktuell