Highlights 2019/20

  • Dampening of economic growth worldwide over the course of the business year 2019/20, not least due to escalating trade war.
  • Outbreak of COVID-19 pandemic toward business year’s end already impacts operating result for the year.
  • Revenue decreases year over year by 6.2%, from EUR 13,560.7 million to EUR 12,717.2 million.
  • Substantial negative non-recurring effects (about EUR 485 million) from impairment losses and provisions.
  • Operating result (EBITDA) falls by 24.5% to EUR 1,181.5 million (previous year: EUR 1,564.6 million); EBITDA margin of 9.3% (previous year: 11.5%).
  • At EUR –89.0 million, profit from operations (EBIT) is negative (previous year: EUR 779.4 million).
  • Profit before tax: EUR –230.3 million (previous year: EUR 645.7 million).
  • Profit after tax: EUR –216.5 million (previous year: EUR 458.6 million).
  • Cash flow from operating activities rises by 11.8% to EUR 1,304.0 million (previous year: EUR 1,166.6 million).
  • Equity declines by 16.3%, from EUR 6,709.8 million as of March 31, 2019, to EUR 5,614.9 million as of March 31, 2020, due to negative profit after tax, redemption of hybrid bond, and dividend payment in July 2019.
  • At 67.2%, gearing ratio (net financial debt relative to equity) rises 46.6% year over year despite positive cash flow, especially due to redemption of hybrid bond as well as changes in accounting rules (IFRS 16).
  • In light of both reporting period results and uncertain forecast for the business year 2020/21, a reduced dividend of EUR 0.20 per share is proposed for the business year 2019/20 (previous year: EUR 1.10 per share).
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About voestalpine

In its business segments, voestalpine is a globally leading steel and technology group with a unique combination of materials and processing expertise. voestalpine, which operates globally, has around 500 Group companies and locations in more than 50 countries on all five continents. It has been listed on the Vienna Stock Exchange since 1995. With its top-quality products and system solutions, it is a leading partner to the automotive and consumer goods industries as well as the aerospace and oil & gas industries, and is also the world market leader in railway systems, tool steel, and special sections. voestalpine is fully committed to the global climate goals and is working intensively to develop technologies which will allow it to decarbonize and reduce its CO2 emissions over the long term. In the business year 2019/20, the Group generated revenue of EUR 12.7 billion, with an operating result (EBITDA) of EUR 1.2 billion; it had about 49,000 employees worldwide.

Facts

50 Countries on all 5 continents
500 Group companies and locations
49,000 Employees worldwide

Earnings FY 2019/20

€ 12.7 Billion

Revenue

€ 1.2 Billion

EBITDA

www.voestalpine.com

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