PR Newswire/euro adhoc/ EANS-Adhoc: voestalpine AG /voestalpine reducing earnings expectations by EUR 100 million for FY 2012/13 despite development in the first half according to expectations 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. 06.11.2012 With an EBITDA of EUR 730 million and EBIT of EUR 441 million based on almost stable revenues in the first half of 2012/13 voestalpine is well on track to repeat the (adjusted) earnings figures of the business year 2011/12. Nevertheless due to fast growing economic uncertainties in recent weeks the management board cuts the earnings forecast for the full business year by EUR 100 million in comparison with the original guidance. Therefore from todays point of view the board expects for the business year 2012/13 an operating profit (EBITDA) of approximately EUR 1.4 billion and a profit from operations (EBIT) of about EUR 800 million (instead of originally EUR 1.5 billion resp. EUR 900 million). Reasons: Further increase of the sustained negative global business environment since summer 2011 regarding almost all key industrial segments and important economic regions - so far less impacted sectors like automotive, mechanical engineering and energy industries currently under pressure on a broad scale - only few market segments like aviation industry and agricultural machine building still facing stable business conditions. Unchanged solid earnings situation of voestalpine-group within this difficult sentiment due to technology and quality driven niche position - nearly stable revenues and only slightly declining operational earnings development from 1st to 2nd quarter, somewhat more significant decline compared to the (outstanding) 1st half of 2011/12 - EBITDA-margin continuously in the double-digit range (see chart), clearly positive Free Cash Flow resulting in a further deleveraging in the course of the 1st half of 2012/13 despite dividend payment in the summer quarter. Details on the 1st half year 2012/13 to follow on November, 7th 2012 before opening of the Vienna stock exchange. Key figures of voestalpine Group (acc. IFRS; in EURm)* H1 2011/12 H1 2012/13 Change 04/01 - 09/30/2011 04/01 - 09/30/2012 in % Revenue 5,977.7 5,932.8 -0.8 EBITDA 824.2 729.8 -11.5 EBITDA margin in % 13.8 12.3 EBIT 531.4 440.7 -17.1 EBIT margin in % 8.9 7.4 Profit before tax 443.3 347.8 -21.5 Profit for the period** 346.1 269.5 -22.1 EPS (in EUR) 1.82 1.36 -25.3 Gearing ratio in % (09/30) 60.9 51.0 * according to IFRS all results after Purchase Price Allocation (PPA) ** before minority interest and hybrid capital interest 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:email@example.com http://www.voestalpine.com 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 The content and accuracy of news releases published on this site and/or distributed by PR Newswire or its partners are the sole responsibility of the originating company or organisation. Whilst every effort is made to ensure the accuracy of our services, such releases are not actively monitored or reviewed by PR Newswire or its partners and under no circumstances shall PR Newswire or its partners be liable for any loss or damage resulting from the use of such information. All information should be checked prior to publication. -0- Nov/06/2012 18:52 GMT
EANS-Adhoc: voestalpine AG /voestalpine reducing earnings expectations by EUR 100 million for FY 2012/13 despite development in
Press spacebar to pause and continue. Press esc to stop.