EANS-Adhoc: voestalpine AG / voestalpine: improved earnings after nine months despite challenging environment

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9-month report

15.02.2012

Although the first months of the business year 2011/12 were
characterized by positive demand and satisfactory results, after the
summer, an economic cooling-off period set in, the result of
widespread macroeconomic uncertainty. While, despite this trend,
results for the voestalpine Group´s four processing divisions
(Special Steel, Railway Systems, Profilform, and Automotive) were
largely stable, also during fall 2011, the situation in the Steel
Division was significantly more difficult. From late summer 2011 on,
severe consumer reticence led to lower capacity utilization
throughout Europe and, in combination with significant declines in
raw materials prices, led to sharply declining steel prices. Although
this made the third quarter of 2011/12 very difficult, during the
first nine months, voestalpine Group was able to exceed the previous
year´s results, both for revenue and across all reporting categories.
With the turn of the year, the economic trend also reversed in the
Steel Division and, with results simultaneously continuing to develop
positively stable across the four processing divisions, earnings in
the fourth quarter of the business year are expected to exceed those
in the third quarter (although, however, it is not possible to
achieve the results of the fourth quarter of the previous year).
Thus, there is no change to the outlook from November 2011, i.e., for
the business year 2011/12, we continue to anticipate a somewhat
weaker operating result compared to the previous year (without taking
any non-recurring effects from the railway infrastructure segment
into consideration).

Key figures of voestalpine Group

(acc. IFRS; in EURm)* Q1-Q3 2010/11 Q1-Q3 2011/12 Change
01.04.-31.12.2010 01.04.-31.12.2011 in %
Revenue 7,936.6 8,877.2 11.9
EBITDA 1,107.0 1,118.0 1.0
EBITDA margin in % 13.9 12.6
EBIT 658.2 676.4 2.8
EBIT margin in % 8.3 7.6
Profit before tax 514.9 533.8 3.7
Profit for the period** 400.3 411.4 2.8
EPS (in EUR) 2.02 2.09 3.5
Gearing ratio in % 65.4 61.3

* According to IFRS all results after Purchase Price Allocation (PPA).
** Before minority interest and hybrid capital interest.

Additional information as well as the full report about the third quarter
results of voestalpine AG as of the effective date of December 31, 2011 is
available on our website www.voestalpine.com under the category "Investors." If
you have any questions, please contact our Investor Relations Team
+43/50304/15-8735

Further inquiry note:
DI Peter Fleischer
Head of Investor Relations
Tel.: +43/50304/15-9949
Fax: +43/50304/55-5581
mailto:peter.fleischer@voestalpine.com
http://www.voestalpine.com

end of announcement euro adhoc
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issuer: voestalpine AG
voestalpine-Straße 1
A-4020 Linz
phone: +43 50304/15-9949
FAX: +43 50304/55-5581
mail: IR@voestalpine.com
WWW: www.voestalpine.com
sector: Metal Goods & Engineering
ISIN: AT0000937503
indexes: WBI, ATX Prime, ATX
stockmarkets: official market: Wien
language: English