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Financial key performance indicators

Metal Engineering Division

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In millions of euros

 

1 Q

 

2 Q

 

1 H

 

 

 

 

2013/141

 

2014/15

 

2013/141

 

2014/15

 

2013/141

 

2014/15

 

Change in %

 

 

04/01–06/30/2013

 

04/01–06/30/2014

 

07/01–09/30/2013

 

07/01–09/30/2014

 

04/01–09/30/2013

 

04/01–09/30/2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

723.3

 

679.3

 

688.7

 

650.5

 

1,412.0

 

1,329.8

 

–5.8

EBITDA

 

107.9

 

106.7

 

109.8

 

97.0

 

217.7

 

203.7

 

–6.4

EBITDA margin

 

14.9%

 

15.7%

 

15.9%

 

14.9%

 

15.4%

 

15.3%

 

 

EBIT

 

80.0

 

79.6

 

81.6

 

69.4

 

161.6

 

149.0

 

–7.8

EBIT margin

 

11.1%

 

11.7%

 

11.8%

 

10.7%

 

11.4%

 

11.2%

 

 

Employees (full-time equivalent)

 

10,952

 

11,250

 

11,216

 

11,351

 

11,216

 

11,351

 

1.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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.”

The key figures of the Metal Engineering Division in the first half of 2014/15 were again at a very good level, although they were slightly down compared to the same period of the previous year. Revenue dropped by 5.8% from EUR 1,412.0 million in the first half of 2013/14 to EUR 1,329.8 million in the first half of 2014/15, primarily due to a lower volume of deliveries of rails as a result of the closure of standard rail production in Duisburg as of the end of the 2013 calendar year. Revenue in the division’s other business segments, however, rose slightly. The picture is similar as far as earnings are concerned. The operating result (EBITDA) went up by 6.4% from EUR 217.7 million to EUR 203.7 million; at 15.3%, the EBITDA margin remained high due to the lower revenue basis and was practically the same as last year’s figure of 15.4%. The decline in EBITDA is due to a higher cost basis resulting from the planned interim repair of a blast furnace and because several lucrative individual projects in the Rail business segment were completed. EBIT fell by 7.8% from EUR 161.6 million (margin: 11.4%) to EUR 149.0 million (margin: 11.2%).

A direct comparison of the second quarter of 2014/15 with the first quarter of 2014/15 shows a similar picture. Revenue decreased by 4.2% from EUR 679.3 million to EUR 650.5 million; the decline affected all business segments about equally, with the exception of the Turnout Systems business segment, which experienced a slight rise in revenue. EBITDA fell by 9.1% from EUR 106.7 million to EUR 97.0 million, which corresponds to an EBITDA margin of 14.9% (immediately preceding quarter: 15.7%). EBIT decreased by 12.8% from EUR 79.6 million (margin: 11.7%) to EUR 69.4 million (margin: 10.7%).

As of the end of the second quarter of 2014/15, the number of employees (FTE) in the Metal Engineering Division was 11,351 or 1.2% higher than last year’s figure. Compared to the figure at the end of the last business year (11,217 FTE), headcount rose by 1.2%.

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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.

Facts

50 Countries on all 5 continents
500 Group companies and locations
47,379 Employees (FTE, 09/30/2014)

Earnings FY 2013/14

€ 11.2 Billion

Revenue

€ 1.4 Billion

EBITDA

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