voestalpine AG

EANS-Adhoc: voestalpine AG
voestalpine with declining sales and profit in the first quarter 2009/10 in difficult market environment

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this

quarterly report


The business year 2009/10 has turned out to be the most difficult in decades. In this challenging environment the first quarter has shown significant decreases in sales and earnings. Whereas the EBITDA remained clearly positive with an amount of EUR 135 million and 6.5% margin despite the economic slump, the EBIT turned negative, amounting to EUR -24 million and -1.2% margin after PPA. Without the pure book accounting effects from the PPA, the EBIT remains positive and reaches EUR 5.1 million and 0.25% margin, respectively.

For the second quarter of the business year 2009/10 voestalpine group is targeting for break even at EBIT level. The outlook for the full business year 2009/10 remains unchanged with a positive profit from operations (EBIT) expected.

Key figures of voestalpine Group

(acc. IFRS; in EURm)*   Q1 2008/09 Q1 2009/10 Change
                        01.04. -   01.04. -   in %
                        30.06.08   30.06.09
Revenue                 3,255.0    2,073.6    -36.3
EBITDA                  542.6      134.9      -75.1
EBITDA margin in %      16.7       6.5
EBIT                    357.7      -24.0      -106.7
EBIT margin in %        11.0       -1.2
Profit before tax       302.8      -67.7      -122.4
Profit for the period** 240.3      -48.2      -120.1
EPS (in EUR)             1.35       -0.40      -129.6

* according to IFRS all results after Purchase Price Allocation (PPA)
** Before minority interest and hybrid capital interest

More information on the 1st quarter result is available on our website
www.voestalpine.com or please contact our Investor Relations-Team
end of announcement                               euro adhoc

Further inquiry note:

DI Peter Fleischer
Head of Investor Relations
Tel.: +43/50304/15-9949
Fax: +43/50304/55-5581

Branche: Metal Goods & Engineering
ISIN: AT0000937503
WKN: 897200
Index: WBI, ATX Prime, ATX
Börsen: Wien / official market

Original-Content von: voestalpine AG, übermittelt durch news aktuell

Weitere Meldungen: voestalpine AG

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