In a year-to-year comparison, the weak global economic trend in all regions and industries has remained unchanged.
However, cautious signs of an economic stabilization are anticipated in the next months.
With a level of pricing that is almost unchanged overall, voestalpine has a stable, high level of capacity utilization in all divisions and at all the major production sites.
Implementation of the HBI (sponge iron) project in Texas is on schedule.
Revenue and results are almost unchanged compared to the immediately preceding quarter; margins slightly improved.
At EUR 2,936.1 million, revenue in the first quarter of 2013/14 is 3.8% below the previous year’s figure (EUR 3,050.6 million) in a year-to-year comparison due to lower raw materials prices.
Results largely stable: At EUR 366.3 million, operating result (EBITDA) is currently only 1.6% below the figure in the first quarter of the previous year (EUR 372.4 million) despite a weaker economic environment. At EUR 223.3 million, profit from operations (EBIT) is down 2.1% compared to the previous year’s figure (EUR 228.0 million).
Profitabiliity slightly improved: EBITDA margin is 12.5% compared to 12.2% in the previous year; EBIT margin is at 7.6% compared to 7.5% year-over-year.
At EUR 138.6 million, profit for the period is 4.3% below that of the first quarter of 2012/13 (EUR 144.9 million).
Equity as of June 30, 2013 (EUR 5,159.9 million) is up by 1.7% compared to equity as of the reporting date of March 31, 2013 (EUR 5,075.3 million).
Net financial debt is largely stable: EUR 2,272.4 million as of June 30, 2013 compared to EUR 2,259.2 million as of March 31, 2013.
Compared to March 31, 2013, gearing ratio (net financial debt in percent of equity) fell by 0.5 percentage points to 44.0%.
Number of employees (full-time equivalent) rose by 1% from 46,351 to a new record figure of 47,154 employees due to the newest acquisitions.