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Metal Forming Division*

Market environment and business development

The Metal Forming Division reported an outstanding development of all four business segments in the first quarter of 2016/17, thus carrying forward the upward trend demonstrated during the previous quarters into the new business year. The driver of this continued growth is still the automotive industry worldwide. With the opening of the first facility for the hot forming of press-hardened steel in a single process step (direct process, or phs-directform®) in Schwäbisch Gmünd, Germany, in early July 2016, the division is maintaining its expansion in the automotive sector based on its highly innovative proprietary technology.

In the first quarter of 2016/17, the performance of the Tubes & Sections business segment was characterized by an economic environment in the European core markets and in specific segments of the US market (aerospace, storage technology) that was improved in comparison to the previous year, although the momentum coming out of China was limited. In the two other business segments (Precision Strip and Warehouse & Rack Solutions), the level of demand remained largely stable, while the operating result again increased.

Financial key performance indicators

Quarterly development of the Metal Forming Division

 

(XLS:) Download

In millions of euros

 

Q1 2015/16

 

Q1 2016/17

 

Change

 

 

04/01–06/30/2015

 

04/01–06/30/2016

 

in %

 

 

 

 

 

 

 

Revenue

 

565.5

 

615.8

 

8.9

EBITDA

 

69.3

 

80.0

 

15.4

EBITDA margin

 

12.3%

 

13.0%

 

 

EBIT

 

46.1

 

55.2

 

19.7

EBIT margin

 

8.1%

 

9.0%

 

 

Employees (full-time equivalent)

 

10,282

 

10,481

 

1.9

The Metal Forming Division increased its revenue from EUR 565.5 million in the first quarter of 2015/16 to EUR 615.8 million in the first quarter of 2016/17. The Automotive Components business segment, which is showing very significant growth, had the largest boost in revenue. In terms of earnings, all of the business segments contributed to the marked improvement of the key performance indicators. EBITDA improved in a year-to-year comparison by 15.4%, from EUR 69.3 million to EUR 80.0 million, with EBIT even increasing by 19.7%, from EUR 46.1 million to EUR 55.2 million. Additionally, the division concurrently recorded a substantial gain in its net profit ratio. The EBITDA margin rose from 12.3% in the first quarter of 2015/16 to 13.0% in the first quarter of 2016/17, while the EBIT margin increased in the same period from 8.1% to 9.0%.

* This report is a translation of the original report in German, which is solely valid.

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
48,500 Employees worldwide

Earnings FY 2014/15

€ 11.1 Billion

Revenue

€ 1.6 Billion

EBITDA

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