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voestalpine AG

EANS-Adhoc: voestalpine AG /voestalpine reports record sales of EUR 12.1 billion despite difficult economic environment in FY 2011/12 - Earnings affected by one-offs

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  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
  announcement.
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annual report

30.05.2012

voestalpine's FY 2011/12 was macroeconomically characterized by an
intensification of the souvereign debt crisis in Europe and a slow down of the
economic dynamics of China and Brazil but also by positive developments in the
USA.
Despite this volatile economic environment, the downstream oriented Divisions
were able to keep their business performance largely stable, whereas the Steel
Division developed significantly weaker due to the difficult situation of the
European steel industry.
Nonetheless voestalpine Group was able to reach new record sales of EUR 12.1
billion. The results were affected by one-offs of EUR 205 million from the
railways business, leading to considerably lower levels of all earnings
categories compared to last year. By not taking these one-off effects into
account, a relatively stable earnings performance can be shown in the light of
the difficult economic environment: EBITDA excluding one-offs: EUR 1,506.9
million (previous year: EUR 1,605.6 million), EBIT excluding one-offs: EUR 909.2
million (previous year: EUR 984,8 million).
The reduction of debt levels was successfully prolonged: Gearing ratio (net debt
to equity) was reduced to 53.5% per 31st March 2012 (previous year: 57.8 %).
From today's point of view, based on voestalpine's strengths resulting from its
downstream activities, operating results for FY 2012/13 should be achievable on
similar levels like in FY 2011/12, despite the challenging environment in the
steel segment.
Dividend: EUR 0.80 per share, proposal to AGM

Key Figures of voestalpine Group


(acc. IFRS; in EURm)*   FY 2010/11 FY 2011/12 Change
                        1.4.10 -   1.4.11 -   in %
                        31.3.11    31.3.12    
Revenue                 10,953.7   12,058.2   10.1
EBITDA                  1,605.6    1,301.9    -18.9
EBITDA margin in %      14.7 %     10.8%      
EBIT                    984.8      704.2      -28.5
EBIT margin in %        9.0 %      5.8%       
Profit before tax       781.0      504.4      -35.4
Profit for the period** 594.6      413.3      -30.5
EPS (in EUR)            3.04       1.98       
Gearing ratio in %      57.8 %     53.5 %     

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


Further details of the FY 2011/12 results are available on our homepage
www.voestalpine.com or feel free to contact our Investor Relations team
+43/50304/15-9949.


Further inquiry note:
DI Peter Fleischer
Head of Investor Relations
Tel.: +43/50304/15-9949
Fax:  +43/50304/55-5581
mailto:peter.fleischer@voestalpine.com
http://www.voestalpine.com

end of announcement                               euro adhoc 
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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

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