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  • Pronounced regional variations in the global economy: after an optimistic start of the year, growth in Europe was ultimately only modest; North America remained strong, with signs of consolidation at a high level toward the year’s end; South America and Russia stagnating or in recession; China remaining at a high growth rate despite fears of an economic slowdown.
  • Developments in Eastern Europe and the Middle East affected by continued political and military conflict.
  • Massive slump in the price of many raw materials, including oil and iron ore, as well as significant shifts in global exchange rate parities.
  • Group-wide efficiency and cost optimization program 2014–2016 with a volume of EUR 900 million being implemented; first positive effects realized; portfolio optimization results in non-recurring effects on earnings.
  • Financial performance of the Steel Division and Special Steel Division significantly improved; Metal Engineering Division and Metal Forming Division remain at a high level.
  • In a year-to-year comparison, Group’s revenue rises from EUR 11,077.2 million to EUR 11,189.5 million despite huge deflationary price trends coupled with effects resulting from divestments and closures.
  • In a year-to-year comparison, Group’s operating result (EBITDA) improved by 11.4%, from EUR 1,374.0 million to EUR 1,530.2 million, profit from operations (EBIT) rose by 12.4%, from EUR 788.4 million to EUR 886.3 million.
  • Results affected by positive non-recurring effects from portfolio streamlining (positive non-recurring effect on EBITDA of EUR 61.9 million and EBIT of EUR 45.2 million).
  • Disproportionate increase in profit before tax (from EUR 640.8 to EUR 740.9 million) and profit for the period (from EUR 503.4 to EUR 594.2 million).
  • Structure of statement of financial position impacted by special effects resulting from repayment of hybrid capital, exchange rate movements, and an actuarial revaluation of employee benefits: at 58.4%, gearing ratio (net financial debt in percent of equity) as of March 31, 2015 significantly higher than the previous year (46.0%).
  • Dividend proposed to the Annual General Shareholders’ Meeting: EUR 1.00 per share, increase of EUR 0.05 over the previous year (EUR 0.95 per share).
  • Direct reduction plant in Corpus Christi, Texas, USA, already more than half completed.
  • Full consolidation of the to date equity consolidated companies CNTT, Chinese New Turnout Technology, China, and voestalpine Tubulars, Austria (both in the Metal Engineering Division) as of the beginning of the business year 2015/16 will have a significant, positive non-recurring effect (estimated at around EUR 90 million) on EBIT for 2015/16.
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.


50 Countries on all 5 continents
500 Group companies and locations
48,100 Employees worldwide

Earnings FY 2014/15

€ 11.2 Billion


€ 1.5 Billion


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