Consolidated income statement

The report for the first quarter of 2020/21 was prepared in accordance with the International Financial Reporting Standards (IFRS). This report has not been audited nor reviewed, nor does it constitute a consolidated interim report pursuant to IAS 34.

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

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Consolidated income statement
	04/01– 06/30/2019	04/01– 06/30/2020

Revenue	3,336.1	2,397.3
Cost of sales	–2,681.7	–2,104.9
Gross profit	654.4	292.4

Other operating income	89.9	139.5
Distribution costs	–302.2	–239.6
Administrative expenses	–185.5	–161.6
Other operating expenses	–103.3	–81.9
Share of profit of entities consolidated according to the equity method	3.4	2.5
EBIT	156.7	–48.7

Finance income	9.4	10.1
Finance costs	–41.7	–35.8
Profit before tax	124.4	–74.4

Tax expense	–34.0	4.7
Profit after tax	90.4	–69.7

Attributable to:
Equity holders of the parent	77.6	–70.5
Non-controlling interests	5.3	0.8
Share (planned) for hybrid capital owners	7.5	0.0

Diluted and basic earnings per share (euros)	0.44	–0.40

In millions of euros

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About voestalpine

In its business segments, voestalpine is a globally leading steel and technology group with a unique combination of materials and processing expertise. voestalpine, which operates globally, has around 500 Group companies and locations in more than 50 countries on all five continents. It has been listed on the Vienna Stock Exchange since 1995. With its top-quality products and system solutions, it is a leading partner to the automotive and consumer goods industries as well as the aerospace and oil & gas industries, and is also the world market leader in railway systems, tool steel, and special sections. voestalpine is fully committed to the global climate goals and is working intensively to develop technologies which will allow it to decarbonize and reduce its CO2 emissions over the long term. In the business year 2019/20, the Group generated revenue of EUR 12.7 billion, with an operating result (EBITDA) of EUR 1.2 billion; it had about 49,000 employees worldwide.