Financial key performance indicators

In the first quarter of 2015/16, the earnings of the Metal Forming Division declined by 6.0% compared to the same period of the previous year, going from EUR 601.9 million to EUR 565.5 million. The backdrop to this development is, on one hand, the fact that lower pre-material costs were passed on to customers, resulting in a price level that trended downward, and on the other to the division’s structural reforms that included the divestment of the Flamco Group (second quarter of 2014/15), the plastics companies (third quarter of 2014/15), and Rotec AB (fourth quarter of 2014/15). Despite the deconsolidation of these companies in the last business year, the Metal Forming Division saw slight growth in the first quarter of 2015/16 in all reporting categories, due primarily to increasing business volume from internationalization activities in the Automotive Body Parts business segment. In the same period, EBITDA rose by 0.6% from EUR 68.9 million to EUR 69.3 million, which corresponds to an EBITDA margin of 12.3% (previous year: 11.5%). EBIT went up by 2.9% from EUR 44.8 million to EUR 46.1 million with an EBIT margin that increased from 7.4% to 8.1%.

The number of employees (FTE) in the Metal Forming Division declined significantly as of the end of the first quarter of 2015/16 by 10.0% from 11,423 as of June 30, 2014 to 10,282 as of the end of the current business quarter. This decline is the result of the divestment of the aforementioned companies in the business year 2014/15.