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voestalpine Reports Significant Increase in Earnings After First Nine Months of the Business Year

02/11/2015 - Although the development of the global economy was very inconsistent in 2014 and, after a relatively optimistic start, was marked by an increasingly sober mood from the summer months onward, the steel-based technology and capital goods group voestalpine reported a significant increase in earnings in the first three quarters of the business year 2014/15 (April 1 to December 31, 2014).

Key points of the latest report include:

• At EUR 8.26 billion, revenue is stable (previous year: EUR 8.27 billion)
• Operating result (EBITDA) rose by 8.8% to EUR 1.09 billion
• At EUR 627 million, profit from operations (EBIT) 10.2% higher than last year’s figure
• In the first nine months of 2014/15, earnings were positively impacted by non-recurring effects of EUR 67 million (EBITDA) and EUR 45 million (EBIT)
• Adjusted EBITDA and EBIT were also 2.1 and 2.3% respectively above last year’s figures
• Improvement of 19.4% of profit before tax (going from EUR 444 million to EUR 531 million) and an increase of 26.6% of the profit for the period (going from EUR 350 million to EUR 443 million)
• EUR 550 million HBI project in Texas is being implemented on schedule

“The current performance of our company once again shows that the consistently implemented international strategy of extending the value chain based on premium products enables a level of earnings that ensures stability at an above average level, especially under economically challenging framework conditions,” says Wolfgang Eder, CEO and Chairman of the Management Board of voestalpine AG.

For the full report, visit www.voestalpine.com.