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voestalpine AG — Earnings Release 2019
Jan 16, 2019
767_iss_2019-01-16_171ed5fd-2b0b-4559-a7dd-fc2feed03720.pdf
Earnings Release
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Publication Date: 16.01.2019 21:49 EANS-Adhoc: voestalpine AG / voestalpine below market expectation in the third business quarter due to special items, adjustment of earnings expectation for business year 2018/19
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 responsible for the content of this announcement.
Earnings Forecast 16.01.2019
Linz - The preliminary earnings figures for the first nine months of the business year 2018/19 with an EBITDA of around EUR 1.1 billion and an EBIT of around EUR 525 million are below market expectations.
This is due, on the one hand, to a significantly higher impact on earnings from the ramp-up of automotive activities in voestalpine Automotive Components Cartersville, USA, as well as related one-off effects from provisions due to external transfers of orders. In addition, a provision was necessary for possible adverse effects on the net assets, financial position and results of operations of the voestalpine Group in connection with a pending investigation by the German Federal Cartel Office against steel producers on suspicion of anti competitive practices in the past in the market for heavy plates (see also the ad-hoc release of 12 September 2017).
Due to lower earnings for the first nine months and a further expected economic slowdown in the last fiscal quarter, the Management Board of voestalpine adjusted the earnings forecast for the full business year 2018/19 and as of now expects an EBITDA of approximately EUR 1.55 billion and an EBIT of approximately EUR 750 million.
The figures given are preliminary and unaudited.
Further inquiry note: DI Peter Fleischer Head of Investor Relations Phone: +43/50304/15-9949 Fax: +43/50304/55-5581 mailto:[email protected] http://www.voestalpine.com
end of announcement euro adhoc
| 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 ISIN: AT0000937503 indexes: WBI, ATX stockmarkets: Wien language: English
Aussendung übermittelt durch euro adhoc The European Investor Relations Service