voestalpine AG — Earnings Release 2003

Feb 14, 2003

News Details

Ad-hoc | 14 February 2003 07:32

voestalpine AG english

voestalpine 9 months results BY 2002/2003 with clear improvement in sales and ea Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– voestalpine 9 months results BY 2002/2003 with clear improvement in sales and earnings Sales rose 28.3%, EBIT increased by 43.1% – positive improvement in all other financial key datas – voestalpine expects second best earnings in the history of the group. Despite the ongoing economic difficulties, especially in Europe and the US, the business development proceeded according to schedule in the first three quarters. (all financial datas compared to 9 months figures of previous year) Turnover rose 28.3 percent from EUR 2.472 billion to EUR 3.172 billion. EBITDA (earnings before interest, taxes, depreciation and amortization) posted an upswing of 30.6 percent from EUR 282.4 million to EUR 368.7 million. EBIT (earnings before interest and taxes) rose from EUR 108.6 million to EUR 155.4 million (up 43.1 percent). EBT (results from ordinary activities) grew 89.3 percent from EUR 34.5 million to EUR 65.3 million. The devaluation of the stake in VA Technologie AG from December 31, 2002, put a burden of EUR 45.6 million on the results from ordinary activities. Net income for the period rose 118.2 percent from EUR 16.5 million to EUR 36 million. Earnings per share increased from EUR 0.5 to EUR 0.9. end of ad-hoc-announcement (c)DGAP 14.02.2003 ——————————————————————————– WKN: 093750; ISIN: AT0000937503; Index: ATX Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, Hamburg, München, Stuttgart; London 140732 Feb 03