voestalpine AG — Earnings Release 2016

Feb 10, 2016

EANS-Adhoc: voestalpine AG / voestalpine increases sales and earnings in the first nine months of the business year 2015/16

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

Despite an increasingly challenging economic environment, voestalpine succeeded in increasing sales and earnings in the first three quarters of the business year 2015/16 in comparison to the respective figures of last year. It has to be considered that the earnings of the first nine months 2015/16 as well as those of last year's comparative period were affected by non-recurring items (changes in consolidation in BY 2015/16 and divestments in BY 2014/15 respectively). However by excluding these non-recurring items in both periods, the figures increased as well. In a macroeconomic environment, which became increasingly difficult at the end of the calendar year - broad uncertainty in China, economic slowdown in North America, ongoing recession in Brazil and Russia, only Europe with moderate recovery trend - voestalpine Group was able to grow sales and earnings partly significantly. Notably the Steel Division contributed to this favorable development despite the (planned) relining of one blast furnace.

The development of the Special Steel as well as the Metal Engineering Division was affected by the weak demand from the oil and gas industry. A trend accelerating at the end of the reporting period, which could not be fully compensated even by outstanding performing sectors like the railway infrastructure or the aviation industry.

The Metal Forming Division benefited - like the complete voestalpine Group from an ongoing excellent development of the automotive industry. As already stated in the report for the first half of the business year 2015/16, a somewhat weaker second half is following an overall satisfactory first half of

2015/16, where - as stated before as well - including non-recurring items (changes in consolidation), both the operating result (EBITDA) and profit from operations (EBIT) are unchanged expected to be higher than the adjusted figures of last year, whereas the adjusted earnings of BY 2015/16 will not be able to reach last year's adjusted figures.

Key figures of voestalpine Group

___________
(acc._IFRS;_in_EURm)__ Q 1-3_2014/15*__ Q_1-3_2015/16_____ Change
____ 04/01_-12/31/2014 04/01-12/31/2015 in%
Revenue___ 8,254.9_ 8,380.4___________ +1.5
EBITDA____ 1,086.9___ 1,207.3_____ +11.1_
EBITDA_margin_in_%__ 13.2__ 14.4__ ______
EBIT___ 627.1_____________ 727.0_____________ +15.9
EBIT_margin_in_%_ 7.6__ 8.7___ ____
Profit_before_tax___ 528.9___ 628.5_____ +18.8_
Profit_for_the_period_ 432.5__ 508.5____ +17.6_
EPS_(in_EUR)__ 2.28__ 2.74__ +20.2_
Gearing_ratio_in_%_(12/31) 61.4__ 57.0__ ______

* 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
___ Q 1-3_2014/15_____ Q_1-3_2015/16_____ Change
___ 04/01_-12/31/2014 04/01_-12/31/2015 in%_
EBITDA__ 1,020.4_ 1,069.7__ +4.8
EBITDA_margin_in_%_ 12.4__ 12.8__ ______
EBIT___ 581.9__ 608.0_ +4.5_
EBIT_margin_in_%_ 7.0__ 7.3__ __
Profit_before_tax__ 483.7__ 509.5_ +5.3_
Profit_for_the_period** 389.1___ 382.8__ -1.6_
EPS_(in_EUR)__ 2.03__ 1.94__ -4.4_

* Q 1-3 2014/15 excluding one-offs from divestments; Q 1-3 2015/16 excluding

oneoffs from changes of consolidation. **Before deduction of non-controlling interests and interest on hybrid capital. Further details on the 3rd quarter results 2015/16 are available on our homepage www.voestalpine.com or feel free to 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 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

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