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voestalpine AG / Difficult environment has adverse impact on voestalpine?s results for the first half of the business year 2019/20 - Seite 3

start of the current business year no longer applies. From today's vantage
point, it is to be expected that the third business quarter is likely to be as
difficult as the second quarter of the business year 2019/20 in terms of
earnings. Positive effects from both seasonal influences and the resolution of
intracorporate issues as well as earnings contributions from the steps taken to
lower costs and boost efficiency should take effect in the business year's last
quarter.

In this difficult environment, the Management Board's focus is on measures
designed to stabilize earnings and generate free cash flow. Aside from short-
term actions, over the next few months this will also entail examining the
ramifications of the changed global economic framework for the positioning of
all of the Group's material business segments.

At this point in time, the Management Board of voestalpine AG thus expects
EBITDA of about EUR 1.3 billion for the business year 2019/20-an assessment that
is largely in line with market expectations.

Key figures of voestalpine Group

____________________________________________________________________________
|(acc._IFRS)_____________________|H1_BY_2018/19____|H1_BY_2019/20____|Delta_%|
|________________________________|04/01/-09/30/2018|04/01/_09/30/2019|_______|
|Revenue_________________________|6,674.0__________|6,541.6__________|-2.0___|
|EBITDA__________________________|860.1____________|665.5____________|-22.6__|
|EBITDA_margin_in_%______________|12.9_%___________|10.2%____________|_______|
|EBIT____________________________|479.5____________|229.6____________|-52.1__|
|EBIT_margin_in_%________________|7.2_%____________|3.5%_____________|_______|
|Profit_before_tax_______________|421.5____________|162.5____________|-61.4__|
|Profit_after_tax_*______________|319.9____________|115.2____________|-64.0__|
|EPS_-_earnings_per_share_(euros)|1.69_____________|0.54_____________|-68.0__|
|Gearing-ratio_in_%_(09/30)______|54.9_%___________|75.1%____________|_______|
|In_millions_of_euros________________________________________________________|

*Before deduction of non-controlling interests and interest on hybrid capital.

voestalpine AG's 1st half results BY 2019/20 as of September 30, 2019, may be
viewed on the Company's website, www.voestalpine.com [http://
www.voestalpine.com/], under the "Investors" tab.




Further inquiry note:
Peter Fleischer
Head of Investor Relations
Phone: [phone]
Fax: [phone]
mailto:[e-mail]
http://www.voestalpine.com

end of announcement euro adhoc
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issuer: voestalpine AG
voestalpine-Straße 1
A-4020 Linz
phone: [phone]
FAX: [phone]
mail: [e-mail]
WWW: www.voestalpine.com
ISIN: AT0000937503
indexes: WBI, ATX
stockmarkets: Wien
language: English