In millions of euros |
|
Q1 2013/14 |
|
Q1 2014/15 |
|
Change |
|
|
04/01–06/30/2013 |
|
04/01–06/30/2014 |
|
in % |
|
|
|
|
|
|
|
Revenue |
|
682.8 |
|
675.9 |
|
–1.0 |
EBITDA |
|
98.5 |
|
96.1 |
|
–2.4 |
EBITDA margin |
|
14.4% |
|
14.2% |
|
|
EBIT |
|
65.0 |
|
61.3 |
|
–5.7 |
EBIT margin |
|
9.5% |
|
9.1% |
|
|
Employees (full-time equivalent) |
|
12,884 |
|
12,958 |
|
0.6 |
|
|
|
|
|
|
|
|
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At EUR 675.9 million, in the first quarter of the business year 2014/15, the revenue of the Special Steel Division was 1.0% below the previous year’s figure of EUR 682.8 million. Due to ongoing efficiency improvement and cost optimization measures, the effects of lower revenue on profits stayed within narrow limits. At EUR 96.1 million, the operating result (EBITDA) is 2.4% below the figure in the same period of the previous business year (EUR 98.5 million), while the EBITDA margin remained nearly the same at 14.2% (previous year: 14.4%). Profit from operations (EBIT) was at EUR 61.3 million in the first quarter of the business year 2014/15, EUR 3.7 million or 5.7% below the previous year’s figure of EUR 65.0 million; thereby the EBIT margin fell slightly from 9.5% in the previous year to 9.1%.
As of June 30, 2014, the Special Steel Division had 12,958 employees (FTE). The increase of 74 employees (+0.6%) in comparison to the previous year (12,884 employees) was primarily from personnel hired in China to enable voestalpine to keep up with the positive market development.