- Continuation of the moderate economic recovery in Europe; waning economic momentum in North America; stabilization of growth in China; slowing of the negative trend in Brazil; continuing recessive development in Russia
- Automotive and aerospace industries continue their dynamic development; railway infrastructure and consumer goods industries remain stable; no trend reversal in sight for energy (oil and natural gas)
- Revenues go down by 6.5% from EUR 5,786.7 million to EUR 5,407.8 million over first half of 2016/17; compared to first quarter of 2016/17, revenue decreases by 4.9% in second quarter, from EUR 2,772.4 million to EUR 2,635.4 million.
- EBITDA for first half of 2016/17 increases in second quarter by 11.1% to EUR 371.0 million; EBITDA margin up from 12.0% to 14.1%
- EBIT improves in second quarter of 2016/17 by 20.1% to EUR 201.3 million (adjusted EBIT +19.5% to EUR 204.9 million); EBIT margin increases from 6.0% to 7.6% (adjusted EBIT margin up from 6.2% to 7.8%)
- Due to positive non-recurring effects in the previous year, in a year-to-year comparison, EBITDA for first half of 2016/17 down by 21.0% from EUR 892.1 million to EUR 704.9 million; adjusted EBITDA drops by 6.6% from EUR 754.5 million to EUR 704.9 million
- As a result of positive non-recurring effects in the previous year, in a year-to-year comparison of the first six months, EBIT falls by 35.9%, from EUR 575.1 million to EUR 368.9 million; adjusted EBIT decreases by 16.3%, from EUR 449.8 million to EUR 376.4 million
- Adjusted EBITDA margin for first half of 2016/17 remains constant at 13.0%; adjusted EBIT margin dips slightly compared to the first half of the 2015/16 from 7.8% to 7.0%
- Due to payment of dividends in July and adjustment of the interest rate for provisions for obligations relating to employee benefits, gearing ratio (net financial debt in percent of equity) as of September 30, 2016 at 60.1% (September 30, 2015: 57.1%; March 31, 2016: 54.5%)
- Run-up phase of direct reduction plant in Texas, USA, begins successfully on September 28, 2016; official opening ceremony on October 26, 2016
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