EANS-Adhoc
voestalpine AG / voestalpine increases sales and earnings in the first nine months of the business year 2015/16
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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.
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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.
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Financial Figures/Balance Sheet/9-month report
10.02.2016
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
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|(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_%__|
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