Consolidated income statement

The report for the first quarter of 2019/20 was prepared in accordance with the
International Financial Reporting Standards (IFRS). This report has not been audited
nor reviewed, nor does it constitute a consolidated interim report pursuant to IAS 34.

This report is a translation of the original report in German, which is solely valid.

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Consolidated income statement
	04/01–06/30/2018	04/01–06/30/2019

Revenue	3,469.0	3,336.1
Cost of sales	–2,676.7	–2,681.7
Gross profit	792.3	654.4

Other operating income	139.8	89.9
Distribution costs	–301.9	–302.2
Administrative expenses	–170.8	–185.5
Other operating expenses	–143.2	–103.3
Share of profit of entities consolidated according to the equity method	7.6	3.4
EBIT	323.8	156.7

Finance income	13.3	9.4
Finance costs	–42.8	–41.7
Profit before tax	294.3	124.4

Tax expense	–68.0	–34.0
Profit after tax	226.3	90.4

Attributable to:
Equity holders of the parent	213.9	77.6
Non-controlling interests	4.9	5.3
Share planned for hybrid capital owners	7.5	7.5

Basic and diluted earnings per share (euros)	1.21	0.44

In millions of euros

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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.