EANS-Adhoc: voestalpine AG /voestalpine with increasing revenue and surging earnings in the first half of BY 2015/16

--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------

Financial Figures/Balance Sheet/6-month report
11.11.2015

The figures of the first half of BY 2015/16 as well as the figures of
the same period a year earlier are affected by non-recurring items.
But even on clean basis (i.e. excluding these non-recurring items in
both periods) revenue as well as earnings increased.

Whereas the recent - mostly stable - macroeconomic trends in most
parts of the world continued in the first half of the business year
2015/16, increasing uncertainties regarding the further development
of the Chinese economy became apparent. Even though the actual
reporting period is not affected in a manner worth mentioning, the
risks about the developments in the near future have risen
significantly. In this economic environment voestalpine was able to
increase revenue and improve earnings significantly. In particular
the Steel Division was able to boost earnings despite a (scheduled)
relining of one of the blast furnaces in the second quarter of the
actual business year. Also the Special Steel Division managed to lift
revenue as well as earnings. Non-recurring items affected the
earnings of the Metal Forming Division (divestments in the first half
of BY 2014/15) and the Metal Engineering Division (changes of
consolidation in the first half of BY 2015/16). On a pure operational
basis (i.e. excluding non-recurring items) the Metal Forming Division
improved the results and the Metal Engineering Division kept the
outstanding level of last year's earnings. From today's point of
view, due to the further aggravated economic environment in the areas
of steel and energy/oil/gas after summer, weaker earnings in the
second half of the business year 2015/16 have to be expected in
comparison to the first half. Specifically the operating result
(EBITDA) and profit from operations (EBIT) for the full business year
2015/16 on a reported basis (i.e. including non-recurring items) are
unchanged expected to exceed last year's figures, but on a clean
basis (i.e. excluding non-recurring items) - in contrast to the
original estimation at the beginning of the business year - are now
expected to come in below last year's level, due to the recently
deteriorating market environment.

Key figures of voestalpine Group

_______________________________________________________________________
|(acc._IFRS;_in_EURm)______|H1_2014/15*_______|H1_2015/16________|Change|
|__________________________|04/01_-_09/30/2014|04/01_-_09/30/2015|in_%__|
|Revenue___________________|5,561.1___________|5,786.7___________|+4.1__|
|EBITDA____________________|756.9_____________|892.3_____________|+17.9_|
|EBITDA_margin_in_%________|13.6______________|15.4______________|______|
|EBIT______________________|444.7_____________|575.3_____________|+29.4_|
|EBIT_margin_in_%__________|8.0_______________|9.9_______________|______|
|Profit_before_tax_________|391.7_____________|505.7_____________|+29.1_|
|Profit_for_the_period_____|315.6_____________|420.6_____________|+33.3_|
|EPS_(in_EUR)______________|1.65______________|2.29______________|+38.8_|
|Gearing_ratio_in_%_(09/30)|58.8______________|57.2______________|______|

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

Figures adjusted by special items* from changes of consolidation:

____________________________________________________________________________
|(acc. IFRS; in EURm) |H1 2014/15 |ADJUSTED |ADJUSTED|
|_______________________|_____________________|H1_2015/16___________|Change__|
|_______________________|04/01/14_-_09/30/2014|04/01/15_-_09/30/2015|in_%____|
|EBITDA_________________|690.4________________|754.7________________|+9.3____|
|EBITDA_margin_in_%_____|12.4_________________|13.0_________________|________|
|EBIT___________________|399.5________________|450.1________________|+12.7___|
|EBIT_margin_in_%_______|7.2__________________|7.8__________________|________|
|Profit_before_tax______|346.5________________|380.5________________|+9.8____|
|Profit_for_the_period**|272.2________________|290.2________________|+6.6____|
|EPS_(in_EUR)___________|1.40_________________|1.48_________________|+5.7____|

* H1 2014/15 excluding one-offs from divestments; H1 2015/16 excluding one-offs
from changes of consolidation.
**Before deduction of non-controlling interests and interest on hybrid capital.

Further details on the 1st half results 2015/16 are available on our homepage
www.voestalpine.com or feel free to contact our Investor Relations team +43/
50304/15-9949.

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
--------------------------------------------------------------------------------

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