EANS-Adhoc: voestalpine AG /voestalpine reports record sales of EUR 12.1 billion despite difficult economic environment in FY 2011/12 - Earnings affected by one-offs

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annual report

30.05.2012

voestalpine's FY 2011/12 was macroeconomically characterized by an
intensification of the souvereign debt crisis in Europe and a slow
down of the economic dynamics of China and Brazil but also by
positive developments in the USA. Despite this volatile economic
environment, the downstream oriented Divisions were able to keep
their business performance largely stable, whereas the Steel Division
developed significantly weaker due to the difficult situation of the
European steel industry. Nonetheless voestalpine Group was able to
reach new record sales of EUR 12.1 billion. The results were affected
by one-offs of EUR 205 million from the railways business, leading to
considerably lower levels of all earnings categories compared to last
year. By not taking these one-off effects into account, a relatively
stable earnings performance can be shown in the light of the
difficult economic environment: EBITDA excluding one-offs: EUR
1,506.9 million (previous year: EUR 1,605.6 million), EBIT excluding
one-offs: EUR 909.2 million (previous year: EUR 984,8 million). The
reduction of debt levels was successfully prolonged: Gearing ratio
(net debt to equity) was reduced to 53.5% per 31st March 2012
(previous year: 57.8 %). From today's point of view, based on
voestalpine's strengths resulting from its downstream activities,
operating results for FY 2012/13 should be achievable on similar
levels like in FY 2011/12, despite the challenging environment in the
steel segment. Dividend: EUR 0.80 per share, proposal to AGM

Key Figures of voestalpine Group

(acc. IFRS; in EURm)* FY 2010/11 FY 2011/12 Change
1.4.10 - 1.4.11 - in %
31.3.11 31.3.12
Revenue 10,953.7 12,058.2 10.1
EBITDA 1,605.6 1,301.9 -18.9
EBITDA margin in % 14.7 % 10.8%
EBIT 984.8 704.2 -28.5
EBIT margin in % 9.0 % 5.8%
Profit before tax 781.0 504.4 -35.4
Profit for the period** 594.6 413.3 -30.5
EPS (in EUR) 3.04 1.98
Gearing ratio in % 57.8 % 53.5 %

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

Further details of the FY 2011/12 results 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
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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