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Highlights 2016/17

  • Development of the European economy in 2016/17 surprisingly resistant to political risks
  • Trend toward moderate growth in Europe and North America, with an upward trend in Europe toward the end of the business year and a downward trend in North America; China returns to its solid growth trajectory; turnaround in Brazil delayed yet again
  • Automotive industry remains strong; consumer goods and aerospace stable on a high level; railway infrastructure weaker in the year’s second half; simultaneous trend toward recovery in oil & gas sector
  • Earnings trending upward in the course of the year; outstanding last quarter
  • voestalpine Group posts a 2.0% increase in revenue, from EUR 11,069 million in the previous year to EUR 11,295 million in 2016/17
  • Operating result (EBITDA) falls by 2.7% from EUR 1,583 million to EUR 1,541 million due to positive non-recurring effects in the previous year; adjusted EBITDA rises by 6.6% from EUR 1,446 million to currently EUR 1,541 million
  • Profit from operations (EBIT) drops by 7.4% from EUR 889 million to EUR 823 million due to positive non-recurring effects in the previous year; adjusted EBIT rises by 3.1% from EUR 814 million to EUR 840 million
  • Adjusted EBITDA margin increases from 13.1% to 13.6%; adjusted EBIT margin stable at 7.4%
  • Profit before tax drops by 6.8% from EUR 751 million to EUR 700 million; excluding non-recurring effects, it rises by 5.9% from EUR 677 million to EUR 717 million
  • Profit after tax declines by 12.5% from EUR 602 million to EUR 527 million; excluding non-recurring effects, it improves by 5.8% from EUR 510 million to EUR 539 million
  • At more than EUR 6 billion, equity reaches an all-time high
  • Gearing ratio (net financial debt in percent of equity) improves in a year-to-year comparison from 54.5% to 53.2%
  • Dividend proposed to the Annual General Shareholders’ Meeting: EUR 1.10 per share (previous year: EUR 1,05 per share) — continuous increase in dividend payments over the past five years
  • Direct reduction plant in Texas, USA, has been in full operation since April 2017

About voestalpine

In its business segments, voestalpine is a globally leading technology and capital goods group with a unique combination of material and processing expertise. With its top-quality products and system solutions using steel and other metals, it is a leading partner to the automotive and consumer goods industries in Europe and to the aerospace, oil and gas industries worldwide. The voestalpine Group is also the world market leader in turnout technology, special rails, tool steel, and special sections.


50 Countries on all 5 continents
500 Group companies and locations
50,000 Employees worldwide

Earnings FY 2016/17

€ 11.3 Billion


€ 1.54 Billion


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