- Economy’s very good start into the business year followed by increasingly critical macroeconomic developments over the remainder of the year.
- Worldwide dampening of economic sentiment not least due to the escalating trade war between the United States and China as well as other regions including Europe.
- Europe’s economic momentum also impacted by the UK’s unproductive Brexit negotiations as well as the introduction of the Worldwide Harmonized Light Vehicle Test Procedure (WLTP) in the economically important automotive industry.
- At EUR 13.6 billion, the voestalpine Group delivers a new all-time revenue high (previous year: EUR 12.9 billion).
- Negative financial one-time effects stemming from complete overhaul of Group’s largest blast furnace, provisions related to ongoing cartel investigation, and steeper start-up costs at Group’s US automotive component plant affected the Group’s key earnings figures for the business year 2018/19.
- Operating result (EBITDA) falls 19.9% to EUR 1,565 million (previous year: EUR 1,954 million), EBITDA margin of 11.5% (previous year: 15.2%).
- Profit from operations (EBIT) drops 33.9% to EUR 779 million (previous year: EUR 1,180 million), EBIT margin of 5.7% (previous year: 9.1%).
- Profit before tax drops 38.1%, from EUR 1,043 million in the previous business year to EUR 646 million in 2018/19.
- Profit after tax drops 44.4%, from EUR 825 million in the previous year to EUR 459 million.
- Equity climbs to EUR 6,710 million as of March 31, 2019, up from EUR 6,554 million as of March 31, 2018.
- At 46.6%, gearing ratio (net financial debt relative to equity) largely stable compared with the previous year (45.7%).
- Dividend proposal to Annual General Meeting: EUR 1.10 per share (previous year: EUR 1.40 per share).
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