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distribution. The issuer is responsible for the content of this announcement.
Revenue for Q1 2021/22 rises 45.6% year over year to EUR 3.5 billion (Q1 2020/ 21: EUR 2.4 billion)\nAt EUR 540 million, EBITDA more than triples, soaring by 242%\nAt EUR 340 million, EBIT clearly positive again (Q1 2020/21: EUR -49 million)\nProfit before tax is EUR 319 million (Q1 2020/21: EUR -74 million), and profit after tax is EUR 259 million (Q1 2020/21: EUR -70 million)\nGearing ratio falls year over year, from 71.7% to 43.8%\nEquity rises to EUR 6 billion (Q1 2020/21: EUR 5.5 billion)\nNumber of employees: 48,880 FTE (+2.1% year over year)\nAgainst the backdrop of the good global economic environment, in the first
quarter of the business year 2021/22 (April 1 - June 30, 2021) the voestalpine
Group continued along its positive trajectory, which had already started in the
previous business year. With the exception of the aerospace segment's relatively
subdued performance, all of the Group's market and product segments delivered
positive performance. The European automotive industry was still confronted with
the semiconductor supply chain problems that had started at the turn of the
calendar year; consequently, some automotive manufacturers had to stop
production for short periods of time. Yet this did not trigger any noticeable
decline in demand for voestalpine's high-quality steel products. In the United
States and China, voestalpine faced but few semiconductor-related production
shutdowns. Conditions in certain segments of the oil & natural gas industry
improved as well, but European production facilities are still affected by the
protectionist Section 232 tariffs that still apply in the United States. The
rail technology systems business segment continued to deliver stable
performance. Orders in the storage technology business segment reached record
highs due to the e-commerce boom.
"voestalpine succeeded in exploiting the economic upturn that followed the
previous year's pandemic-induced recession to the fullest. Almost all of our
market and product segments developed very well in the current business year's
first quarter, and the individual divisions delivered excellent performance,"
says Herbert Eibensteiner
, Chairman of the Management Board of voestalpine AG.
Development of Revenue and Earnings
The key performance indicators (KPIs) of the voestalpine Group for the first
quarter of the business year 2021/22 reflect the economic upturn. Revenue rose
year over year by 45.6%, from EUR 2.4 billion in Q1 2020/21 to EUR 3.5 billion
in Q1 2021/22. The voestalpine Group's earnings also rose substantially in the
current business year's first quarter: EBITDA soared by 242%, from EUR 158
million to EUR 540 million. While EBIT was negative (EUR -49 million) in Q1
2020/21, it jumped to EUR 340 million in Q1 2021/22. The profit before tax rose
in Q1 2021/22 to EUR 319 million (Q1 2020/21: EUR -74 million), and profit after
tax to EUR 259 million (Q1 2020/21: -70 million). At EUR 272 million (Q1 2020/
EUR -34 million), cash flows from operating activities also continued to develop
very well. The gearing ratio (net financial debt as a percentage of equity)
improved year over year, from 71.7% to 43.8%. Equity rose by 8.2% to EUR 6
billion. The number of employees (FTE) in the voestalpine Group rose by 2.1%
year over year, from 47,894 to 48,880.
Even though the COVID-19 infection rates in Europe have been rising yet again,
the economic forecasts for 2021 have become increasingly optimistic. Aside from
additional re-opening steps, especially in the service sector, economic stimulus
programs of historic proportions lead us to expect that the economic uptrend
will continue. This positive assessment also applies to the voestalpine Group's
most important customer and market segments.
Based on the Group's results for the first quarter of the business year 2021/22
and the assumption that the current economic momentum will hold, at this time
the Management Board of voestalpine AG thus expects EBITDA within a range of EUR
1,900 to EUR 2,200 million for the business year 2021/22.
KEY FIGURES - voestalpine GROUP
* Before deduction of non-controlling interests.
The Report of the first quarter of 2021/22 of voestalpine AG as of the June 30,
2021, may be accessed on the company's website at www.voestalpine.com [http://
www.voestalpine.com/] under the 'Investors' tab.
Please direct any inquiries to:
Head of Group Communications I Group Spokesperson
4020 Linz, Austria
end of announcement euro adhoc
issuer: voestalpine AG
phone: +43 50304/15-9949
FAX: +43 50304/55-5581
indexes: WBI, ATX
Digital press kit: http://www.ots.at/pressemappe/2054/aom
Im Jahr 1668 als familiäres Hammerwerk im südschwedischen Värmland gegründet, ist Uddeholms AB heute weltweiter Marktführer bei der Herstellung von Spezialstählen für den Werkzeugbau: v.l. Johnny Sjöström, Managing Director Uddeholms AB; Mikael Damberg, Minister für Unternehmen und Innovation; Franz Rotter, Vorstandsmitglied der voestalpine AG und Leiter der High Performance Metals Division; Bildquelle: voestalpine
, (© Aussender) >> Öffnen auf photaq.com
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