voestalpine AG

EANS-Adhoc: voestalpine reports stable results compared to the immediately preceding quarter but a decline in a year-to-year comparison. For the first time since the BÖHLER-UDDEHOLM acquisition, Gearing ratio under 50%.

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


The negative mood that has been affecting the macroeconomic environment since
the summer of 2011 continued unchanged in the first quarter of 2012/13. And the
economic framework conditions did not provide any signs for a trend reversal
toward the positive end of the spectrum.
The voestalpine Group's consistent downstream strategy combined with its
concentration on those segments that demand top quality and technology is
demonstrating a significant stabilizing effect in this challenging market
environment not only with regard to capacity utilization but revenue and profits
as well, especially when compared to the competition. Compared to the
immediately preceding quarter, the operating results remained largely stable (Q4
2011/12 adjusted for non-recurring effects: EBITDA EUR 388.9 million; EBIT EUR
232.8 million).
Compared to the very strong first quarter of the previous year, however,
although revenue remained stable, the operating results declined.
Nevertheless, due to the positive cash flow, the gearing ratio (net financial
debt as a percentage of equity) was reduced to currently 49.9%.
Provided that the economic environment does not experience additional
turbulence, from today's perspective, it should be possible to match last year's
adjusted EBIT of around EUR 900 million in the business year 2012/13.

Key figures of the voestalpine Group

(acc. IFRS; in EURm)*   Q1 2011/12 Q1 2012/13 Change
                        1.4.11 -   1.4.12 -   in %
                        30.6.2011  30.6.2012  
Revenue                 3,051.5    3,050.6    0.0
EBITDA                  462.9      375.0      -19.0
EBITDA margin in %      15.2       12.3       
EBIT                    317.6      230.7      -27.4
EBIT margin in %        10.4       7.6        
Profit before tax       271.8      185.1      -31.9
Profit for the period** 209.6      144.9      -30.9
EPS (in EUR)            1.13       0.74       -34.5
Gearing ratio in %      57.0       49.9       

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

Further details on the 1st quarter results 2012/13 are available on our homepage
www.voestalpine.com or feel free to contact our Investor Relations team

Further inquiry note:
DI Peter Fleischer
Head of Investor Relations
Tel.: +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
mail:     IR@voestalpine.com
WWW:      www.voestalpine.com
sector:      Metal Goods & Engineering
ISIN:        AT0000937503
indexes:     WBI, ATX Prime, ATX
stockmarkets: official market: Wien 
language:   English

Weitere Meldungen: voestalpine AG

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