Highlights 2022/23

      • The business year 2022/23 was characterized by the war in Ukraine, distortions in the raw material and energy markets, and inflation and interest rate hikes.
      • Despite this volatile economic environment, the voestalpine Group posted new all-time highs for both revenue and earnings.
      • Revenue jumped 22.1% to EUR 18,225.1 million in the business year 2022/23, up from EUR 14,923.2 million.
      • Both positive and negative non-recurring effects had an impact on the key performance indicators.
      • Impairment losses of EUR 173 million in the High Performance Metals Division for the business year 2022/23 were counteracted by positive EBITDA effects of EUR 133 million from the sale of real property.
      • The Steel Division booked EUR 32 million in impairment losses from its 20% equity stake in the ArcelorMittal Texas HBI Group.
      • The operating result (EBITDA) improved by 11.1% to EUR 2,544.6 million (2021/22: EUR 2,291.3 million).
      • Profit from operations (EBIT) climbed 11.7% to EUR 1,624.2 million (2021/22: EUR 1,454.3 million).
      • Profit before tax rose 7.8% to EUR 1,490.8 million (2021/22: EUR 1,382.5 million).
      • Profit after tax fell 11.4% to EUR 1,178.7 million. The previous business year’s figure of EUR 1,330.3 million included a measurement gain of EUR 257 million from the sale of the Texas-based HBI facility.
      • Equity expanded by 9.9% to EUR 7,769.4 million (2021/22: EUR 7,069.3 million).
      • Net financial debt fell substantially yet again (–27.5%), and stood at EUR 1,661.0 million as of the reporting date (2021/22: EUR 2,291.2 million).
      • The gearing ratio (net financial debt as a percentage of equity) improved substantially to 21.4% (2021/22: 32.4%).
      • Dividend proposed to the Annual General Meeting: EUR 1.50 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.
      Assets made available to a corporation by the owners through deposits and/or contributions or from retained profits.
      Ratio of net financial debt to equity.
      Net financial debt
      Interest-bearing liabilities less interest-earning assets.