voestalpine AG — Earnings Release 2008

Nov 20, 2008

keywords: Financial Figures/Balance Sheet/6-month report

euro adhoc: voestalpine AG / Financial Figures/Balance Sheet / Most successful half year and single quarter in the history of voestalpine Group

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20.11.2008

In the first six months of the 2008/09 business year, the voestalpine Group was able to continue its growth path, achieving further increases over the previous year relative to revenue, profit and employees and reaching a new record high in spite of a worsening economic environment. Same applies for the second quarter on a stand alone basis with an EBIT of EUR 470.4 million (pre ppa) respectively EUR 427.8 million (after ppa), showing the best three months´ financial figures in the group´s history.

Whereas the first half of the business year 2008/09 was characterized by new record EBIT levels of all single divisions, by the end of summer 2008, the crisis in the financial and capital markets had finally spread across the board and to the real economy. As a result of rapidly sinking investment and consumption quotas, the massive economic slump which has now occurred is expected to deteriorate further.

In spite of this more difficult economic environment and therefore weaker results for the second half of the current business year, the management board still intends to achieve results for the current business year which match those of the business year 2007/08.

Key figures of voestalpine Group (after ppa) ****

(gem. IFRS; in Mio. EUR) 1H 2007/08*		1H 2008/09	Change
		1.4.07 - 30.9.07 1.4.08 - 30.9.08 in %
	(after ppa)	(after ppa)
Revenue	4,695	6,486	+38.2
EBITDA	906	1,143	+26.2
EBITDA margin in %	19.3	17.6
EBIT	617	786	+27.4
EBIT margin in %	13.1	12.1
Profit before tax	561	659	+17.6
Profit for the period**	434	519	+19.5
EPS (in EUR)***	2.76	2.96

Key figures of voestalpine Group (pre ppa) ****

(gem. IFRS; in Mio. EUR) 1H 2007/08*		1H 2008/09	Change
		1.4.07 - 30.9.07 1.4.08 - 30.9.08 in %
	(pre ppa)	(pre ppa)
Revenue	4,695	6,486	+38.2
EBITDA	952	1,176	+23.5
EBITDA margin in %	20.3	18.1
EBIT	737	918	+24.7
EBIT margin in %	15.7	14.2
Profit before tax	681	792	+16.3
Profit for the period**	521	622	+19.4
EPS (in EUR)***	3.31	3.60

* Last year´s figures were retrospectively adjusted ** Before minority interest and hybrid capital interest *** From continuing operations **** With respectively without accounting effects from purchase price allocation BÖHLER-UDDEHOLM (IFRS 3)

More information on the first half year result is available on our website www.voestalpine.com or contact our Investor Relations Team +43/50304-15-9949.

Further inquiry note: DI Peter Fleischer Head of Investor Relations Tel.: +43/50304/15-9949 Fax: +43/50304/55-5581 mailto:peter.fleischer@voestalpine.com http://www.voestalpine.com

emitter:	voestalpine AG
	voestalpine-Straße 1
	A-4020 Linz
phone:	+43 50304/15-9949
FAX:	+43 50304/55-5581
mail:	InvestorRelations@voestalpine.co
WWW:	www.voestalpine.com
sector:	Metal Goods & Engineering
ISIN:	AT0000937503
indexes:
stockmarkets:
language:	English

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