Ad-Hoc News regarding FY 2013/14
voestalpine slightly increases Earnings Before Tax and Net Profit despite difficult macroeconomic environment in FY 2013/14
In spite of an all in all challenging macroeconomic environment, voestalpine was able to slightly improve its Earnings Before Tax as well as its Net Profit in FY 2013/14 compared to the previous year.
This development is based on an improvement of the financial result, due to decreased gross-debt levels and improved financing conditions, and on the other hand on a somewhat decreased, but nonetheless solid operational performance (EBITDA).
In detail, Metal Forming Division generated double digit growth rates with respect to profit from operations, Metal Engineering Division maintained the excellent levels of operational performance and Special Steel Division was able to deliver stable operational results as well, whereas the Steel Division reports a significant drop in earnings due to the very weak market situation in the energy segment (heavy plate for pipelines) and the structural problems of the European steel industry in general.
Against the background of a stabilizing economic environment, the Group is anticipating for 2014/15 an operating result (EBITDA) and profit from operations (EBIT) somewhat above the past business year’s level
Dividend: EUR 0.95 per share, proposal to AGM