voestalpine AG — Earnings Release 2001

Aug 17, 2001

News Details

Ad-hoc | 17 August 2001 08:24

VOEST-Alpine Stahl AG english

Ad hoc announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– VOEST-ALPINE AG -2001/02 business year, 1st Quarter Excellent operating result, in spite of difficult economic environment The 1st quarter of the 2001/02 business year (April – June 2001) was characterized by a further increase in sales (+ 10 % above the same quarter in the prior year) and an EBIT-margin of 7.6 %, an operative result above the average of several years. The operating result before depreciation and amortization (EBITDA) of 14.3 % of turnover was also above the consistent company goal of 14 %. The EBT (result from ordinary activities) decreased due to the change to a valuation at fair-market values for the investment in VA Tech (a decrease of EUR 12.7 million), due to the changeover to IAS accounting and amounted to EUR 46.1 million, 23 % below the comparison value for the prior year. 1.4.-30.6.2000 1.4.-30.6.2001 Change TURNOVER Mio. EUR 758.3 835.5 +10% EBITDA Mio. EUR 119.3 119.7 0% EBITDA-Margin 15.7 % 14.3 % EBIT Mio. EUR 67.5 63.5 -6% EBIT-Margin 8.9 % 7.6 % EBT Mio. EUR 60.2 46.1 -23% Net profit Mio. EUR 44.2 31.4 -29% Earning per share EUR 1.3 1.0 end of ad hoc announcement (c) DGAP 17.08.2001 ——————————————————————————– WKN: 093750; Index: ATX Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, Hamburg, München, Stuttgart; London 170824 Aug 01