|
In millions of euros |
|
Q1 2013/141 |
|
Q1 2014/15 |
|
Change |
|
|
|
04/01–06/30/2013 |
|
04/01–06/30/2014 |
|
in % |
|
|
|
|
|
|
|
|
|
Revenue |
|
989.8 |
|
975.0 |
|
–1.5 |
|
EBITDA |
|
113.9 |
|
114.1 |
|
0.2 |
|
EBITDA margin |
|
11.5% |
|
11.7% |
|
|
|
EBIT |
|
57.9 |
|
56.8 |
|
–1.9 |
|
EBIT margin |
|
5.8% |
|
5.8% |
|
|
|
Employees (full-time equivalent) |
|
10,805 |
|
11,035 |
|
2.1 |
|
|
|
|
|
|
|
|
|
1 Business year 2013/14 retroactively adjusted due to the application of IFRS 11 “Joint Arrangements” and due to the change in the method of disclosure for results of entities consolidated according to the equity method (formerly reported as part of financial result, from April 1, 2014 onward, reported as part of EBIT). Further details are described under “General information/Accounting policies.“ |
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In a deflationary macroeconomic industry environment with falling raw materials costs and resulting dropping product costs and prices, the Steel Division was able to keep its revenue largely constant in the first quarter of the business year 2014/15. In a year-to-year comparison, it shows an only marginal decline by 1.5% to EUR 975.0 million from EUR 989.8 million in the first quarter of the previous year. The division was able to practically balance out the downward price trend in the last twelve months by making improvements in the product mix and in the cost structure. The situation with regard to production quantity remained mostly unchanged: with complete utilization of production capacity, the delivered quantities were also slightly up (+2.0% in a year-to-year comparison).
At EUR 114.1 million, the operating result (EBITDA) remained almost constant compared to the previous year (EUR 113.9 million). The EBITDA margin rose slightly from 11.5% to 11.7%. Profit from operations (EBIT) also demonstrated a largely stable development, with a year-to-year decline of only 1.9%, going from EUR 57.9 million in the previous year to EUR 56.8 million in the quarter under review. The stability of the margins despite the challenging market environment highlights the division’s outstanding strategic position and its focus on market segments with the highest technological and qualitative requirements.
As of the reporting date of June 30, 2014, the voestalpine Steel Division had 11,035 employees (FTE), an increase by 2.1% compared to the previous year’s figure (10,805 employees, FTE).