voestalpine AG — Earnings Release 2002

Feb 15, 2002

News Details

Ad-hoc | 15 February 2002 07:29

voestalpine AG english

voestalpine AG reaches satisfactory results Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– voestalpine AG reaches satisfactory results during first 3 quarters despite difficult economic environment Full business year EBIT is expected to be comparable to that of 1999/2000 The most important figures for the first three quarters of business year 2001/2002 (compared to the same period of last year): Turnover: + 7.0 % to 2,471.9 m EUR EBITDA: – 21.8 % to 282.4 m EUR EBIT (Operating result): – 47.1 % to 108.6 m EUR Net profit: – 86.9 % to 16.5 m EUR The first three quarters of business year 2001/02 were affected by difficult economic circumstances; however, the first signs of recovery in the economic climate can be recognized. EBIT was influenced by decreasing prices and increasing costs for raw materials and energy. Prospects for the full business year: EBIT of the year 1999/2000 should be reachable (153 m EUR). The extraordinary negative effect on net profit due to the development of the VA-Tech-share price should not have an impact on the companys dividend policy. end of ad-hoc-announcement (c)DGAP 15.02.2002 ——————————————————————————– WKN: 093750; ISIN: AT0000937503; Index: ATX Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, Hamburg, München, Stuttgart; London 150729 Feb 02