voestalpine AG — Earnings Release 2016

Aug 9, 2016

EANS-Adhoc: voestalpine AG /voestalpine reports an expected muted first quarter 2016/17 outlook for the full business year remains unchanged

Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) 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/3-month report

In a macroeconomic environment, characterized by persisting uncertainty, voestalpine Group reported a drop in revenues as well as earnings for the first quarter of the business year 2016/17, as already announced at the release of the results of the business year 2015/16. Because of significant positive non-recurring items in the comparable quarter of the last business year due to changes of consolidation of businesses in the Metal Engineering Division, the 12-months comparison of the reported IFRSfigures does not reflect the operational development. Excluding these non-recurring items, the decrease of the financial figures largely reflects the significant deterioration of the economic environment of the last 12 months. Apart from the continuous worsening of the oil and gas business with collateral effects on further industrial segments and aperiodic financial burdens in the Steel Division (ramp up of the new DRI plant in Corpus Christi, Texas, USA and readjustment of the coal injection at a blast furnace in Linz, Austria), the time delay of contract steel prices vs. steel spot market prices is mainly responsible for the results development. The progression of the business year 2016/17 is unchanged expected to develop positively; in particular the second half of 2016/17 is expected to show a clearly better EBITDA and EBIT contribution than the first half. The voestalpine Group therefor continues to aim for an operating result (EBITDA) and profit from operations (EBIT) that will come close to the figures in the last business year (adjusted figures).

Key figures of the voestalpine Group:

___________
(acc._IFRS;_in_EURm)___ Q1_2015/16* Q1_2016/17 Change
___ 04/01/- 04/01/-__ in%__
_____ 06/30/2015_ 06/30/2016 ______
Revenue__ 3,001.7____ 2,772.4___ -7.6
EBITDA__ 526.6 333.9__ -36.6_
EBITDA_margin_in_%_ 17.5_ 12.0_ ___
EBIT___ 368.4_ 167.6__ -54.5_
EBIT_margin_in_%_ 12.3_ 6.0_ ______
Profit_before_tax__ 328.2_ 138.9__ -57.7_
Profit_for_the_period** 289.5__ 105.8___ -63.5_
EPS_(in_EUR)__ 1.61_ 0.58___ -64.0_
Gearing_ratio_in_%_ 53.4_ 55.9_ ___

* Q1 2015/16 retroactively adjusted.

** Before deduction of non-controlling interests and interest on hybrid capital.

Figures adjusted by special items from changes of consolidation:

____________
(acc. IFRS; in EURm)	ADJUSTED	ADJUSTED ADJUSTED
____ Q1_2015/16* Q1_2016/17 Change__
___ 04/01/- 04/01/- in_%____
___ 06/30/2015 06/30/2016 __
EBITDA____ 389.0__ 333.9 -14.2
EBITDA_margin_in_%_ 13.0_ 12.0 _____
EBIT___ 236.9 171.5__ -27.6___
EBIT_margin_in_%__ 7.9__ 6.2_ ______
Profit_before_tax_ 196.7_ 142.8__ -27.4___
Profit_for_the_period** 151.7__ 108.7 -28.3
EPS_(in_EUR)_ 0.77_ 0.59 -23.4

* Q1 2015/16 retroactively adjusted.

**Before deduction of non-controlling interests and interest on hybrid capital.

Further details on the 1st quarter results 2016/17 are available on our homepage www.voestalpine.com or feel free to contact the 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 issuer: voestalpine AG voestalpine-Straße 1 A-4020 Linz phone: +43 50304/15-9949 FAX: +43 50304/55-5581 mail: IR@voestalpine.com WWW: www.voestalpine.com sector: Metal Goods & Engineering ISIN: AT0000937503 indexes: WBI, ATX Prime, ATX stockmarkets: official market: Wien language: English Aussendung übermittelt durch euro adhoc The European Investor Relations Service