voestalpine AG

EANS-Adhoc: voestalpine AG
voestalpine increases sales and earnings significantly in the first quarter 2010/11 - optimistic outlook

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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quarterly report


The ongoing economic recovery leads to further improvements in sales and soaring earnings of voestalpine Group. Besides considerable progression in volumes, the implementation of efficiency and cost saving programs are substantial drivers of the actual earnings development. The gearing ratio decreases by 4.1% within the last quarter to 67.2% at present, based on the obvious positive net income and the consistently low kept investments. Based on the developments so far, the earnings estimation for the business year 2010/11 has to be valued very significantly above last year´s level, even by taking formidable contingencies concerning the economic situation in 2011 into account.

Key figures of voestalpine Group

(acc. IFRS; in EURm)*   Q1 2009/10          Q1 2010/11          Change
                        01.04.-30.06.2009   01.04.-30.06.2010   in %
Revenue                 2,093.2             2,556.1             22.1
EBITDA                  134.2               350.9               161.5
EBITDA margin in %      6.4                 13.7
EBIT                    -26.3               203.3
EBIT margin in %        -1.3                8.0
Profit before tax       -70.1               156.5
Profit for the period** -48.2               121.1
EPS (in EUR)            -0.40               0.60
Gearing ratio in %      90.1                67.2

* 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

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