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EANS-Adhoc: voestalpine AG /voestalpine with increasing revenue and surging earnings in the first half of BY 2015/16

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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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Financial Figures/Balance Sheet/6-month report
11.11.2015


The figures of the first half of BY 2015/16 as well as the figures of the same
period a year earlier are affected by non-recurring items. But even on clean
basis (i.e. excluding these non-recurring items in both periods) revenue as well
as earnings increased.
 
Whereas the recent - mostly stable - macroeconomic trends in most parts of the
world continued in the first half of the business year 2015/16, increasing
uncertainties regarding the further development of the Chinese economy became
apparent.
Even though the actual reporting period is not affected in a manner worth
mentioning, the risks about the developments in the near future have risen
significantly.
In this economic environment voestalpine was able to increase revenue and
improve earnings significantly.
In particular the Steel Division was able to boost earnings despite a
(scheduled) relining of one of the blast furnaces in the second quarter of the
actual business year. Also the Special Steel Division managed to lift revenue as
well as earnings.
Non-recurring items affected the earnings of the Metal Forming Division
(divestments in the first half of BY 2014/15) and the Metal Engineering Division
(changes of consolidation in the first half of BY 2015/16).
On a pure operational basis (i.e. excluding non-recurring items) the Metal
Forming Division improved the results and the Metal Engineering Division kept
the outstanding level of last year's earnings.
From today's point of view, due to the further aggravated economic environment
in the areas of steel and energy/oil/gas after summer, weaker earnings in the
second half of the business year 2015/16 have to be expected in comparison to
the first half.
Specifically the operating result (EBITDA) and profit from operations (EBIT) for
the full business year 2015/16 on a reported basis (i.e. including non-recurring
items) are unchanged expected to exceed last year's figures, but on a clean
basis (i.e. excluding non-recurring items) - in contrast to the original
estimation at the beginning of the business year - are now expected to come in
below last year's level, due to the recently deteriorating market environment.
 
 
Key figures of voestalpine Group
 

 _______________________________________________________________________
|(acc._IFRS;_in_EURm)______|H1_2014/15*_______|H1_2015/16________|Change|
|__________________________|04/01_-_09/30/2014|04/01_-_09/30/2015|in_%__|
|Revenue___________________|5,561.1___________|5,786.7___________|+4.1__|
|EBITDA____________________|756.9_____________|892.3_____________|+17.9_|
|EBITDA_margin_in_%________|13.6______________|15.4______________|______|
|EBIT______________________|444.7_____________|575.3_____________|+29.4_|
|EBIT_margin_in_%__________|8.0_______________|9.9_______________|______|
|Profit_before_tax_________|391.7_____________|505.7_____________|+29.1_|
|Profit_for_the_period_____|315.6_____________|420.6_____________|+33.3_|
|EPS_(in_EUR)______________|1.65______________|2.29______________|+38.8_|
|Gearing_ratio_in_%_(09/30)|58.8______________|57.2______________|______|

 
* Before deduction of non-controlling interests and interest on hybrid capital.
 
Figures adjusted by special items* from changes of consolidation:
 
 ____________________________________________________________________________
|(acc. IFRS; in EURm)   |H1 2014/15           |ADJUSTED             |ADJUSTED|
|_______________________|_____________________|H1_2015/16___________|Change__|
|_______________________|04/01/14_-_09/30/2014|04/01/15_-_09/30/2015|in_%____|
|EBITDA_________________|690.4________________|754.7________________|+9.3____|
|EBITDA_margin_in_%_____|12.4_________________|13.0_________________|________|
|EBIT___________________|399.5________________|450.1________________|+12.7___|
|EBIT_margin_in_%_______|7.2__________________|7.8__________________|________|
|Profit_before_tax______|346.5________________|380.5________________|+9.8____|
|Profit_for_the_period**|272.2________________|290.2________________|+6.6____|
|EPS_(in_EUR)___________|1.40_________________|1.48_________________|+5.7____|

 
* H1 2014/15 excluding one-offs from divestments; H1 2015/16 excluding one-offs
from changes of consolidation.
**Before deduction of non-controlling interests and interest on hybrid capital.
 
Further details on the 1st half results 2015/16 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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