Financial key performance indicators

The development of the financial performance indicators reflects the challenging conditions prevailing in the Metal Forming Division in the 2024/25 business year. Revenue for the division declined by 7.2%, from EUR 3,368.4 million in 2023/24 to EUR 3,125.1 million in the 2024/25 business year. The Automotive Components business segment was particularly affected by the drop in revenue. The Tubes & Sections and Precision Strip business segments also reported losses in revenue. In contrast, the Warehouse & Rack Solutions business segment recorded a significant increase in revenue, due in no small part to the capacity expansion in the United States in the previous business year. The decline in the Metal Forming Division’s earnings reflects both the difficult economic environment and negative one-time effects. In the 2024/25 business year, these impacted operating result (EBITDA) by EUR 45 million and EUR 87 million at EBIT level. The one-time expenses in 2024/25 resulted from the reorganization of the Automotive Components segment and a goodwill impairment at the cash-generating unit Automotive Components. The previous year’s EBIT included one-off effects in the Automotive Components business segment in the form of impairments totaling EUR 68 million. Against this backdrop, EBITDA declined by 43.8% year-on-year, from EUR 301.0 million (margin of 8.9%) in the 2023/24 business year to EUR 169.3 million (margin of 5.4%) in 2024/25. EBIT fell into negative territory during the reporting period, amounting to EUR –15.3 million (margin of –0.5%) as a result of one-off effects in the Automotive Components segment, compared with EUR 87.5 million (margin of 2.6%) in the previous year.

In a direct quarterly comparison, the Metal Forming Division achieved an 8.6% increase in revenue, rising from EUR 722.0 million in Q3 to EUR 783.9 million in Q4 of 2024/25. Seasonal growth in revenue was recorded by the Tubes & Sections, Automotive Components, and Precision Strip business segments. The division’s earnings performance was shaped not only by its core operational performance, but also by one-time effects. In Q3, one-time expenses related to the reorganization of the Automotive Components segment reduced EBITDA by EUR 30 million, while in Q4, those expenses amounted to EUR 15 million. EBITDA improved quarter-on-quarter from EUR 0.6 million (margin of 0.1%) to EUR 51.2 million (margin of 6.5%). Negative one-time expenses in the Automotive Components segment impacted EBIT by EUR 33 million in Q3 and by EUR 53 million in Q4. As a result, EBIT developed from EUR –38.3 million (margin of –5.3%) in Q3 to EUR –22.8 million (margin of –2.9%) in Q4 of 2024/25.

As of March 31, 2025, the Metal Forming Division employed 10,899 people (FTE), representing a 5.8% decrease compared to 11,571 people in the previous year. This reduction is primarily due to the reorganization of the Automotive Components business segment.