Development of the key figures

In the first nine months of the business year 2012/13, the Metal Forming Division’s revenue fell by 4.8% from EUR 1,813.5 million in the previous year to EUR 1,726.3 million, a result of the fact that in the course of the year, the market environment has weakened. Accordingly, the operating result (EBITDA) fell by 10.8% compared to the previous business year, going from EUR 202.5 million to EUR 180.6 million. The EBITDA margin declined from 11.2% to 10.5%. Profit from operations (EBIT) dropped by 15.0% from EUR 134.0 million (with a margin of 7.4%) to EUR 113.9 million (with a margin of 6.6%).

Compared to the immediately preceding quarter, revenue went down due primarily to declining production volumes because of seasonal effects—particularly in the Tubes & Sections business segment—by 3.3% from EUR 567.0 million in the second quarter to EUR 548.2 million in the third quarter of 2012/13. The operating result (EBITDA) dipped by 5.7% from EUR 57.7 million to EUR 54.4 million, while the EBITDA margin slipped from 10.2% to 9.9%. Profit from operations (EBIT) decreased by 8.5% from EUR 35.4 million to EUR 32.4 million, while the EBIT margin dropped slightly from 6.2% to 5.9%.

As of the end of the third quarter of 2012/13, the Metal Forming Division had 10,283 employees (FTE), which equals a decline of around 6% compared to the same reporting date in the business year 2011/12 (10,912 employees).

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