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voestalpine AG — Earnings Release 2014
Feb 11, 2014
767_iss_2014-02-11_79b443bd-c52e-4468-85cc-1d4513ab3114.pdf
Earnings Release
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EANS-Adhoc: voestalpine AG /voestalpine with stable profitability (margins) but slight declines in sales and earnings in the first nine months 2013/14
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
Financial Figures/Balance Sheet/9-month report
Although the macroeconomic lead-indicators moved back into growth territory in the second half of 2013, sales and earnings of voestalpine group, although with largely stable margins, still declined in the first three quarters 2013/14. The third quarter 2013/14 however seems to mark the trough. Whereas the processing divisions Metal Engineering and Metal Forming were able to increase profits in an annual comparison, the Special Steel Division and in particular the Steel Division were negatively impacted by the far reaching weakness of large parts of the energy segment (pipeline and power plants). Based on the recently placed pipeline projects and the recovery in most other industrial segments in the beginning of 2014, the turnaround of the earnings trend seems recognizable in the final quarter 2013/14. Overall the results of voestalpine AG for 2013/14 (EBITDA, EBIT) from a present day perspective will come in somewhat beneath last year's figures.
Key figures of voestalpine Group
| ____________ | ||
|---|---|---|
| (acc.IFRS;_in_EURm)______ Q1-Q3_2012/13*__ Q1-Q3_2013/14___ Change_in% | ||
| ____ 04/01-12/31/2012 04/01-12/31/2013 ___ | ||
| Revenue___ 8,652.5_ 8,384.1___ -3.1_ | ||
| EBITDA____ 1,043.8_ 1,006.8___ -3.5_ | ||
| EBITDA_margin_in_%_ 12.1__ 12.0_ _ | ||
| EBIT___ 607.2__ 573.0_ -5.6_ | ||
| EBIT_margin_in_%_ 7.0_ 6.8_ __ | ||
| Profit_before_tax_ 473.7__ 456.5_ -3.6____ | ||
| Profit_for_the_period** 369.5__ 351.6__ -4.8____ | ||
| EPS_(in_EUR)__ 1.83__ 1.71_ -6.6____ | ||
| Gearing_ratio_in_%(12/31) 49.8__ 50.2_ _ |
*Business Year 2012/13 retroactively adjusted in accordance with IAS 19 (revised).
**Before deduction of non-controlling interests and interest on hybrid capital.
Additional information as well as the full report about the third quarter results of voestalpine AG as of the effective date of December 31, 2013 is available on our website www.voestalpine.com under the category "Investors". If you have any questions, please contact our Investor Relations Team +43/50304/15- 8735
Further inquiry note: DI Peter Fleischer
Head of Investor Relations
Tel.: +43/50304/15-9949
Fax: +43/50304/55-5581
mailto:[email protected]
http://www.voestalpine.com issuer: voestalpine AG voestalpine-Straße 1 A-4020 Linz phone: +43 50304/15-9949 FAX: +43 50304/55-5581 mail: [email protected] WWW: www.voestalpine.com sector: Metal Goods & Engineering ISIN: AT0000937503 indexes: WBI, ATX Prime, ATX stockmarkets: official market: Wien language: English