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Financial key performance indicators

Key figures of the High Performance Metals Division

In millions of euros

 

2017/18

 

2018/19

 

Change
in %

 

 

 

 

 

 

 

Revenue

 

2,918.0

 

3,136.3

 

7.5

EBITDA

 

453.9

 

434.9

 

–4.2

EBITDA margin

 

15.6%

 

13.9%

 

 

EBIT

 

297.6

 

280.0

 

–5.9

EBIT margin

 

10.2%

 

8.9%

 

 

Employees (full-time equivalent)

 

14,274

 

14,398

 

0.9

Rising alloy costs and the associated price increase overall boosted the revenue of the High Performance Metals Division by 7.5% to EUR 3,136.3 million (previous year: EUR 2,918.0 million). Year-over-year developments in delivery volumes were generally stable subject, however, to a declining trend in the business year’s second half.

In earnings terms, the division’s performance in the business year 2018/19 was slightly weaker year over year. In the business year’s first six months, earnings growth remained at the same level as in the previous year. In the business year’s second half, stiffening competition made it impossible to translate the raw materials and energy price increases for standard grades in both Europe and China into higher prices which, in turn, led to production cuts. On the whole, therefore, the operating result (EBITDA) fell by 4.2% from EUR 453.9 million (margin of 15.6%) in the previous business year to EUR 434.9 million (margin of 13.9%) in the business year 2018/19. The profit from operations (EBIT) fell accordingly by 5.9%, from EUR 297.6 million (margin of 10.2%) to EUR 280.0 million (margin of 8.9%).

Quarterly deveploment of the High Performance Metals Division

In millions of euros

 

1st quarter 2018/19

 

2nd quarter 2018/19

 

3rd quarter 2018/19

 

4th quarter 2018/19

 

BY
2018/19

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

780.3

 

765.6

 

751.4

 

839.0

 

3,136.3

EBITDA

 

129.2

 

100.6

 

89.6

 

115.5

 

434.9

EBITDA margin

 

16.6%

 

13.1%

 

11.9%

 

13.8%

 

13.9%

EBIT

 

91.9

 

63.8

 

51.8

 

72.5

 

280.0

EBIT margin

 

11.8%

 

8.3%

 

6.9%

 

8.6%

 

8.9%

Employees (full-time equivalent)

 

14,344

 

14,528

 

14,443

 

14,398

 

14,398

The quarter-on-quarter (QoQ) comparison of the third and fourth quarters of 2018/19 shows an improvement in the key performance indicators. Due to a roughly 10% increase in delivery volumes as well as higher pre-materials prices, the division’s revenue rose QoQ by 11.7%, from EUR 751.4 million to EUR 839.0 million. Against the backdrop of the growing delivery volume, EBITDA improved by 28.9%, from EUR 89.6 million in the third quarter to EUR 115.5 million in the fourth quarter, thus also raising the EBITDA margin from 11.9% to 13.8%. The division even succeeded in boosting EBIT by 40.0%, specifically, from EUR 51.8 million (margin of 6.9%) to EUR 72.5 million (margin of 8.6%).

As of March 31, 2019, the High Performance Metals Division had 14,398 employees (FTE). This corresponds to an increase of 0.9% over the number (14,274 FTE) as of the previous year’s reporting date.


About voestalpine

In its business segments, voestalpine is a globally leading technology group with a unique combination of materials and processing expertise. With its top-quality products and system solutions using steel and other metals, it is a leading partner of the automotive and consumer goods industries as well as of the aerospace and oil & gas industries. voestalpine is also the world market leader in complete railway systems as well as in tool steel and special sections.

Facts

50 Countries on all 5 continents
500 Group companies and locations
52,000 Employees worldwide

Earnings FY 2018/19

€ 13.6 Billion

Revenue

€ 1.6 Billion

EBITDA

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