EBITDA decreased year over year by 24.5%, from EUR 1,564.6 million in the business year 2018/19 to EUR 1,181.5 million in the business year 2019/20. While this decline is largely due to the gradual dampening of economic sentiment, all divisions recorded lower EBITDA.
EBIT of the voestalpine Group was substantially affected by large impairment losses in the reporting period, with the result that this earnings category for the business year 2019/20 is negative at EUR –89.0 million. voestalpine had posted EBIT of EUR 779.4 million in the business year 2018/19. The analysis of the development of EBIT over the course of the reporting period underscores the impact of the non-recurring effects: It was clearly positive in the first two quarters, but negative in both subsequent quarters.
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