• In the last months, the macroeconomic environment has significantly deteriorated.
  • Sovereign debt discussion and weakening of growth momentum dominate economic mood.
  • Broadly-based customer behavior marked by caution and a wait-and-see attitude.
  • Nevertheless, the capacity of the voestalpine Group continues to be fully utilized in all major business segments, including the Steel Division.
  • Despite significantly more difficult framework conditions, at EUR 3,050.6 million, revenue in the first quarter stable compared to the previous year (EUR 3,051.5 million).
  • Due to the marked economic downturn, operating results decline:
    EBITDA –19.0% from EUR 462.9 million to EUR 375.0 million,
    EBIT –27.4% from EUR 317.6 million to EUR 230.7 million.
  • At EUR 144.9 million, net income 30.9% lower than in the previous year (EUR 209.6 million).
  • After EUR –62.3 million in the first quarter of the previous year, free cash flow now clearly positive at EUR 92.2 million.
  • Compared to March 31, 2012, equity increases from EUR 4,836 million to EUR 4,981 million.
  • Net financial debt decreases by 4% from EUR 2,586 million as of March 31, 2012 to EUR 2,484 million.
  • Gearing ratio (net financial debt as a percentage of equity) falls compared to the end of the previous business year from 53.5% to 49.9%.
  • Number of employees (full-time equivalent) rises slightly by 2% from 45,161 to 46,075 employees.
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  • Share price as of June 30, 2012 (euros) 20.86    EPS – Earnings/share (euros) 0.74    Dividend/share (euros) 0.80
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