Key figures of the High Performance Metals Division |
||||||
In millions of euros |
|
2017/18 |
|
2018/19 |
|
Change |
|
|
|
|
|
|
|
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 |
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In millions of euros |
|
1st quarter 2018/19 |
|
2nd quarter 2018/19 |
|
3rd quarter 2018/19 |
|
4th quarter 2018/19 |
|
BY |
|
|
|
|
|
|
|
|
|
|
|
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.
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