Highlights 2024/25

• The economic environment in Europe remained extremely subdued throughout the 2024/25 financial year. Economic development in North America was largely robust. In South America, a positive growth trend was observed at the beginning of the reporting period, but this gradually weakened. China continued to demonstrate strong economic growth, although development varied significantly across sectors during the reporting period.
• The Group’s global positioning, broad diversification across products and customer segments, and focus on the highest quality segment led to a solid operating result in the 2024/25 financial year.
• Revenue declined moderately by 5.6% in a challenging economic environment, from EUR 16,684.3 million to EUR 15,743.7 million.
• Earnings in the 2024/25 financial year were impacted by both economic downturn and one-off effects.
• Negative one-off effects in the High Performance Metals Division reduced EBIT for the 2024/25 financial year by EUR 176 million (of which EUR 92 million impacted EBITDA), and by EUR 87 million in the Metal Forming Division (of which EUR 45 million impacted EBITDA).
• The previous 2023/24 financial year was similarly affected by one-off effects. Extraordinary write-downs in the High Performance Metals Division reduced EBIT in the 2023/24 financial year by EUR 360 million (of which EUR 92 million impacted EBITDA), and by EUR 68 million in the Metal Forming Division.
• Operating result (EBITDA) declined slightly year-on-year to EUR 1,346.4 million (previous year: EUR 1,666.1 million).
• Profit from operations (EBIT) amounted to EUR 455.1 million (previous year: EUR 569.3 million).
• Profit before tax decreased by 29.4% to EUR 270.5 million (previous year: EUR 383.4 million).
• Profit after tax fell by 13.8% to EUR 178.6 million (previous year: EUR 207.1 million).
• As of the reporting date of March 31, 2025, equity showed a marginal decline of 0.5% to EUR 7,464.7 million (previous year: EUR 7,499.6 million).
• Net financial debt remained stable at EUR 1,650.0 million as of March 31, 2025, despite high investment activity (previous year: EUR 1,650.8 million).
• Gearing ratio (net financial debt as a percentage of equity) stood virtually unchanged at 22.1% as of March 31, 2025 (previous year: 22.0%).
• Proposed dividend to the Annual General Meeting: EUR 0.60 per share.