Voestalpine Gets a Significant Boost in Earning in the Business Year 2014/15
06/12/2015 - In a global economic environment that is inconsistent, the voestalpine Group continued the positive development of the previous year in the business year 2014/15 (April 1, 2014 to March 31, 2015).
Despite constant price pressure from customers, triggered primarily by the sharp decline of raw materials prices, revenue rose by 1% in a year-to-year comparison from EUR 11.1 billion to EUR 11.2 billion. Viewed individually, the reporting categories present a picture that is even more satisfactory: The operating result (EBITDA) of the voestalpine Group rose by 11.4% from EUR 1,374 million to EUR 1,530 million, whereby EUR 61.9 million are the result of non-recurring effects from the sale of two business units (Flamco and Plastics) that had diverged from the Group’s core business. Even adjusted, these extraordinary earnings contributions still amount to an increase in EBITDA of 6.9%. As far as profitability is concerned, this means an improvement of the EBITDA margin of 1.3 percentage points to 13.7% (adjusted:13.1%). Profit for the period (net income) rose even more substantially with a plus of 18.0% (adjusted: 9.6%) to EUR 594 million. Thus, earnings per share (EPS) gained markedly, going from EUR 2.59 in the previous year to EUR 3.11.
"The business year 2014/15 was very gratifying. Our strength in innovation and our focus on the high-tech segment has paid off in an economic environment that continues to be challenging. Ultimately, we have succeeded in continuing to expand our earnings leadership," said Wolfgang Eder, CEO of voestalpine AG.
Read voestalpine's full press release for more detail on the group's business year for 2014/15.
"The business year 2014/15 was very gratifying. Our strength in innovation and our focus on the high-tech segment has paid off in an economic environment that continues to be challenging. Ultimately, we have succeeded in continuing to expand our earnings leadership," said Wolfgang Eder, CEO of voestalpine AG.
Read voestalpine's full press release for more detail on the group's business year for 2014/15.
The voestalpine Group is a steel-based technology and capital goods group that operates worldwide. With around 500 Group companies and locations in more than 50 countries and on all five continents, the Group has been listed on the Vienna Stock Exchange since 1995. With its top-quality products, the Group is one of the leading partners to the automotive and consumer goods industries in Europe and to the oil and gas industries worldwide. The voestalpine Group is also the world market leader in turnout technology, special rails, tool steel, and special sections. In the business year 2014/15, the voestalpine Group reported revenue of EUR 11.2 billion and an operating result (EBITDA) of EUR 1.5 billion; it had around 47,500 employees worldwide.
