voestalpine AG — Earnings Release 1999

Nov 26, 1999

News Details

Ad-hoc | 26 November 1999 08:03

Ad hoc-Service: VOEST-Alpine Stahl AG 1H 1999

Ad hoc-Mitteilung übermittelt durch die DGAP. Für den Inhalt der Mitteilung ist allein der Emittent verantwortlich. —————————————————————————— VOEST-ALPINE STAHL: end of the economic low, a good 2000 in prospect . Trend reversal in the European steel industry. The economic low of the summer has passed and an upswing is clearly tangible. . Stable VOEST-ALPINE STAHL AG sales in the first half of the 1999/2000 financial year with sales of EUR 1.3 bn . Despite “all time low”-prices stable positive results, EBITD (EUR 160 m/ATS 2.2 bn) and EBIT (EUR 62.2 m/ATS 856 m) below 1st half-year, but above 2nd half-year 1998/99 . Profit per share: EUR 1.8 (1998/99: EUR 2.3). . Results for the year only slightly down on 1998/99. . Reasons: current and long-term countermeasures and initial market recovery. . Positive expectations for the steel year 2000 1st half- 1st half- 1st half- 1st half- year year year year 1998/99 1998/99 1999/2000 1999/2000 (in ATS (in EUR (in ATS (in EUR m) m) m) m) Sales 18,136 1,318 18,225 1,324.5 Operating result 2,780 202 2,202 160 before depreciation (EBITD) Operating result 1,551 112.7 856 62.2 (EBIT) Result from ordinary 1,398 101.6 1,117 81.2 activities Net profit for the 1,048 76.1 837 60.8 period Crude steel production 2,330,000 2,380,000 (in t) Employees* 14,424 15,489 * 1999/2000 incl. VAE and Metsec consolidation Ende der Mitteilung