- Continuation of a moderate economic recovery in Europe; North America sees somewhat dwindling momentum; broad-based uncertainty regarding developments in China; India experiences a stable upward trend; Brazil and Russia continue to be in the grip of a recession
- Automobile industry, railway infrastructure, and aviation continue to be the main pillars of voestalpine’s business; mechanical engineering sector shows signs of recovery; consumer goods industry is stable; energy, oil, and natural gas are still weak
- In the first nine months of the business year 2015/16, voestalpine increases both revenue and earnings compared to the previous year; earnings are significantly impacted by positive non-recurring effects, however, the operating profit is also higher
- Revenues increase by 1.5% from EUR 8,254.9 million to EUR 8,380.4 million
- EBITDA goes up by 11.1% from EUR 1,086.9 million to EUR 1,207.3 million; adjusted EBITDA up by 4.8% from EUR 1,020.4 million to EUR 1,069.7 million
- EBIT up by 15.9% from EUR 627.1 million to EUR 727.0 million; adjusted EBIT up by 4.5% from EUR 581.9 million to EUR 608.0 million
- Profit before tax increases by 18.8% from EUR 528.9 million to EUR 628.5 million; adjusted profit before tax up by 5.3% from EUR 483.7 million to EUR 509.5 million
- Profit for the period goes up by 17.6% from EUR 432.5 million to EUR 508.5 million; adjusted profit for the period down by 1.6% from EUR 389.1 million to EUR 382.8 million due to higher tax rate
- At currently 57.0%, the gearing ratio (net financial debt in percent of equity) is below the previous year’s figure and lower than on the last reporting date
- Direct reduction plant in Corpus Christi, Texas, 90% completed
* Comparisons refer to the first three quarters of the BY 2014/15
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