voestalpine AG — Earnings Release 2009

Jun 4, 2009

keywords: Financial Figures/Balance Sheet/annual report

EANS-Adhoc: voestalpine AG / Strong results in business year 2008/09 despite economic slump, positive results in last quarter

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04.06.2009

The outstanding results during the first half of the year (in the business year 2008/09) enabled the voestalpine Group to reach a revenue record of EUR 11.63 billion and to almost reach the record EBITDA and EBIT figures of the past business year. This was achieved despite the underlying economic circumstances, that deteriorated worldwide from the 3rd quarter onwards, resulting in significant declines in both sales volume and price in four of the five divisions.

Against the backdrop of the drastic economic slump since autumn 2008 any accurate forecast for the business year 2009/10 is very difficult to make.

The management of voestalpine Group can anticipate that the economic environment will continue to be challenging in the first half of the business year 2009/10, resulting in a negative-albeit manageable-operating profit; the second half of the business year can be expected to be more positive, both with regard to revenue and profit, due to an easing of the economic situation. This trend will be underpinned by an additional extensive cost optimization program, focused working capital management to pursue active management of liquidity, and a critical reexamination of investments and maintenance expenditures. From today´s perspective, the business year 2009/10 overall can be expected to report a positive operating profit.

Key figures of voestalpine Group

(acc. IFRS; in EURm)*		BY 2007/08 BY 2008/09 Change
	1.4.07 -	1.4.08 -	in %
	31.3.08	31.3.09
Revenue	10,481.2	11,625.3	+10.9
EBITDA	1,836.5	1,724.2	-6.1
EBITDA margin in %	17.5 %	14.8 %
EBIT	1,152.6	1,016.0	-11.9
EBIT margin in %	11.0 %	8.7 %
Profit before tax	979.6	728.4	-25.6
Profit for the period** 751.9		611.6	-18.6
EPS (in EUR)***	4.69	3.41	-27.3

* according to IFRS all results after Purchase Price Allocation (PPA) ** Before minority interest and hybrid capital interest *** From continuing operations

The financial report and more information on the full year result is available on our website www.voestalpine.com or please 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:	WBI, ATX Prime, ATX
	stockmarkets: official market: Wien
language:	English

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