- Dynamic economic growth marked the business year 2021/22 for extended stretches of time— despite new waves of COVID-19 infections, supply chain disruptions, volatile raw materials prices, and sharply higher energy prices.
- Dampening of economic sentiment toward the end of the business year 2021/22 in the wake of Russia’s invasion of Ukraine.
- Sale of 80% of voestalpine’s stake in its HBI facility in Texas, USA, to ArcelorMittal, the international steel group; deal was signed in April 2022.
- Both the performance of the voestalpine Texas Group and a measurement gain of EUR 256.6 million are shown in discontinued operations.
- In this environment, voestalpine achieved new all-time highs in all key performance indicators.
- Revenue jumped by 36.9% to EUR 14,923.2 million in the business year 2021/22, up from EUR 10,901.9 million in the previous business year.
- Operating result (EBITDA) just about doubled to EUR 2,291.3 million (2020/21: EUR 1,148.1 million).
- Profit from operations (EBIT) soared by 330.0%, from EUR 338.2 million in the previous business year to EUR 1,454.3 million in the business year 2021/22.
- Profit before tax skyrocketed by 488.8% to EUR 1,382.5 million (2020/21: EUR 234.8 million).
- Profit after tax multiplied many times over, from EUR 31.7 million in the previous business year to EUR 1,330.3 million in the business year ended. This incudes a measurement gain of EUR 256.6 million from the partial sale of the Texas-based HBI facility.
- Equity boosted by 25.1% to EUR 7,069.3 million (2020/21: EUR 5,649.9 million).
- Substantial decline yet again in net financial debt to EUR 2,291.2 million (2020/21: EUR 2,742.8 million).
- Substantial improvement in gearing ratio (net financial debt as a percentage of equity) to 32.4% (2020/21: 48.5%).
- Dividend proposed to the Annual General Meeting: EUR 1.20 per share.
EBIT (earnings before interest and taxes)
Profit before the deduction of taxes, non-controlling interests, and financial result.
EBITDA (earnings before interest, taxes, depreciation, and amortization)
Profit before the deduction of taxes, non-controlling interests, financial result, and depreciation and amortization expenses.
Equity
Assets made available to a corporation by the owners through deposits and/or contributions or from retained profits.
Gearing
Ratio of net financial debt to equity.
Net financial debt
Interest-bearing liabilities less interest-earning assets.
