In the first quarter of the business year 2012/13, the operating result of the Metal Forming Division is being reported for the first time since the division was formed. Therefore, the previous year’s figures were adjusted accordingly for better comparability.
As a result of the solid business performance, at EUR 611.1 million, the revenue in the first quarter of 2012/13 has been maintained at a mostly stable level compared to the previous year (EUR 622.5 million). As there was a slight economic slowdown during the first quarter, the operating results have declined. EBIT fell compared to the very strong comparative figure in the previous year by 22.7%, going from EUR 59.6 million to EUR 46.1 million, with the EBIT margin dropping from 9.6% to 7.5%.
As of the reporting date of June 30, 2012, the Metal Forming Division had 11,272 employees (full-time equivalent). This corresponds to an increase of 357 employees or 3.3% compared to the previous year (10,915).