voestalpine AG — Earnings Release 1999

Aug 27, 1999

News Details

Ad-hoc | 27 August 1999 07:47

Ad hoc-Service: VOEST-Alpine Stahl AG 1Q99 en

Ad hoc-Mitteilung übermittelt durch die DGAP. Für den Inhalt der Mitteilung ist allein der Emittent verantwortlich. —————————————————————————— VOEST-ALPINE STAHL AG sustains positive results in spite of a drop in price levels Currently a trend reversal in price levels is anticipated . In spite of a historic low in price levels, VOEST-ALPINE STAHL AG achieved an operating result (EBIT) of more than ATS 400 million (EUR 30 million) for the 1st Quarter of the 1999/2000 business year. . Marked improvements over the preceding quarter for all earnings ratios, EBIT plus 34 percent . Prices seem to have bottomed out, current trend reversal, stable capacity utilization . Forecast results for the entire business year better than anticipated previously, but slightly below the result for the previous year . Group Turnover 1st Quarter 1999/2000: EUR 676.7 million (ATS 9.3 billion) 1st Quarter 1998/99: EUR 680.6 million (ATS 9,365 million). . Operating result before depreciation (EBIT D): EUR 78.9 million (ATS1.1 billion) 1st Quarter 1998/99: EUR 98.0 million (ATS 1.3 billion) . Operating result (EBIT) EUR 30.3 million (ATS 417 million) 1st Quarter 1998/99: EUR 54.8 million (ATS 754 million) . Earnings for the current period EUR 18.9 million (ATS 260 million) 1st Quarter 1998/99: EUR 37.4 million (ATS 514 million) Ende der Mitteilung