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Financial key performance indicators

Key figures of the Metal Engineering Division

 

(XLS:) Download

In millions of euros

 

2013/141

 

2014/15

 

Change in %

 

 

 

 

 

 

 

Revenue

 

2,673.2

 

2,593.0

 

–3.0

EBITDA

 

418.3

 

419.8

 

0.4

EBITDA margin

 

15.6%

 

16.2%

 

 

EBIT

 

304.9

 

292.1

 

–4.2

EBIT margin

 

11.4%

 

11.3%

 

 

Employees (full-time equivalent)

 

11,217

 

11,685

 

4.2

 

 

 

 

 

 

 

1
Business year 2013/14 retroactively adjusted.
Further details are given in the Notes to the consolidated financial statements under „B. Summary of accounting policies / General information.“

At EUR 2,593.0 million, the revenue of the Metal Engineering Division in the business year 2014/15 was 3.0% lower than the previous year’s figure of EUR 2,673.2 million with two factors playing a crucial role in this development. Against the background of a deflationary environment with regard to raw materials, the price level in the processing segments softened on one hand, and on the other, rail deliveries by the division were significantly reduced due to the closure of the standard rail production in Duisburg as of the end of the 2013 calendar year. In contrast, the Turnout Systems business segment expanded its business and made a positive contribution to revenue. The Wire Technology business segment increased its delivery volumes substantially due to the new acquisition Trafilerie Industriali S.p.A., which was newly consolidated in the third quarter, and to the very good economic environment in the automotive industry.

At EUR 419.8 million, the division’s operating result (EBITDA) was slightly higher than last year’s figure (EUR 418.3 million). Due to the lower revenue basis, the EBITDA margin rose from 15.6% to 16.2%. With regard to profit from operations (EBIT), in the business year 2014/15, the ambitious goals articulated in the previous business year could not be achieved fully due to impairment losses in the Wire Technology business segment; nevertheless, the key figures are still at a very good level. The decline was quite moderate with a minus of 4.2%, which amounts to a decrease from EUR 304.9 million to EUR 292.1 million. The EBIT margin fell negligibly from 11.4% to 11.3%.

Quarterly development of the Metal Engineering Division

 

 

 

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In millions of euros

 

1st quarter
2014/15

 

2nd quarter
2014/15

 

3rd quarter
2014/15

 

4th quarter
2014/15

 

BY
2014/15

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

679.3

 

650.5

 

630.5

 

632.7

 

2,593.0

EBITDA

 

106.7

 

97.0

 

92.2

 

123.9

 

419.8

EBITDA margin

 

15.7%

 

14.9%

 

14.6%

 

19.6%

 

16.2%

EBIT

 

79.6

 

69.4

 

65.0

 

78.1

 

292.1

EBIT margin

 

11.7%

 

10.7%

 

10.3%

 

12.3%

 

11.3%

Employees (full-time equivalent)

 

11,250

 

11,351

 

11,284

 

11,685

 

11,685

Quarterly development of the Metal Engineering Division

In millions of euros
Business year 2014/15

Quarterly development of the Metal Engineering Division (bar chart)

A comparison of the fourth quarter of 2014/15 with the immediately preceding quarter shows that revenue was stable, with earnings increasing markedly. While revenue in the Wire Technology and Welding Technology business segments improved in the fourth quarter, it slipped slightly in the Turnout Systems business segment, albeit from a high level. In the fourth quarter, revenue was at EUR 632.7 million, practically at the same level as in the immediately preceding quarter (EUR 630.5 million). EBITDA rose by almost a third from EUR 92.2 million to EUR 123.9 million due to the substantial upward trend in the Welding Technology business segment in the fourth quarter, but also because of the excellent performance of all other business segments as well. Accordingly, the operating margin (EBITDA margin) increased significantly from 14.6% in the third quarter to 19.6% in the fourth quarter. As a result of impairment losses in the Wire Technology business segment in the last quarter, at 20.2% going from EUR 65.0 million to EUR 78.1 million, the increase in EBIT was somewhat more moderate than the rise in EBITDA. The EBIT margin rose clearly from 10.3% to 12.3%.

As of March 31, 2015, the Metal Engineering Division had 11,685 employees (FTE); the number rose by 4.2%, partly due to acquisitions, compared to the same reporting date in the previous year (11,217 employees).

About voestalpine

The voestalpine Group is a steel-based technology and capital goods group that operates worldwide. With its top-quality products, the Group is one of the leading partners to the automotive and consumer goods industries in Europe and to the oil and gas industries worldwide.

Facts

50 Countries on all 5 continents
500 Group companies and locations
48,100 Employees worldwide

Earnings FY 2014/15

€ 11.2 Billion

Revenue

€ 1.5 Billion

EBITDA

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