- Moderate economic uptrend in Europe; continuing good level of demand in North America; Asia with regionally differing economic development; Brazil continuing to trend downward
- Revenue and all reporting categories up significantly in a year-over-year comparison
- Substantial positive impact of non-recurring effects on earnings in the period under review due to changes in the scope of consolidation in the Metal Engineering Division (Seamless Tubes and Turnout Systems business segments)
- Revenue rises to EUR 3,002 million compared to EUR 2,827 million in the previous year (+6.2%)
- EBITDA up by 44.8% compared with the previous year, from EUR 363.7 million to EUR 526.7 million (without non-recurring effects: EUR 389.1 million, increase of 7.0%)
- EBIT improved by 68.7% from EUR 218.4 million to EUR 368.5 million (without non-recurring effects: EUR 237.0 million, increase of 8.5%)
- EBITDA and EBIT margins again improved
- At EUR 328.8 million, profit before tax is 70.5% higher than in the previous year (without non-recurring effects: EUR 197.3 million, increase of 2.3%)
- Profit for the period rises by 92.9% from EUR 150.0 million in the previous year to EUR 289.4 million (without non-recurring effects: EUR 151.7 million, increase of 1.1%)
- At 53.6%, gearing ratio (net financial debt in percent of equity) improved by almost 5% compared to March 31, 2015 (58.4%)
- Construction of direct reduction plant in Corpus Christi, Texas, on schedule
1 All comparison figures refer to Q 1 2014/15 unless explicitly stated otherwise.
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