EANS-Adhoc: voestalpine AG / Strong results in business year 2008/09 despite economic slump, positive results in last quarter

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annual report

04.06.2009

The outstanding results during the first half of the year (in the
business year 2008/09) enabled the voestalpine Group to reach a
revenue record of EUR 11.63 billion and to almost reach the record
EBITDA and EBIT figures of the past business year. This was achieved
despite the underlying economic circumstances, that deteriorated
worldwide from the 3rd quarter onwards, resulting in significant
declines in both sales volume and price in four of the five
divisions.

Against the backdrop of the drastic economic slump since autumn 2008
any accurate forecast for the business year 2009/10 is very difficult
to make.

The management of voestalpine Group can anticipate that the economic
environment will continue to be challenging in the first half of the
business year 2009/10, resulting in a negative-albeit
manageable-operating profit; the second half of the business year can
be expected to be more positive, both with regard to revenue and
profit, due to an easing of the economic situation. This trend will
be underpinned by an additional extensive cost optimization program,
focused working capital management to pursue active management of
liquidity, and a critical reexamination of investments and
maintenance expenditures. From today´s perspective, the business year
2009/10 overall can be expected to report a positive operating
profit.

Key figures of voestalpine Group

(acc. IFRS; in EURm)* BY 2007/08 BY 2008/09 Change
1.4.07 - 1.4.08 - in %
31.3.08 31.3.09
Revenue 10,481.2 11,625.3 +10.9
EBITDA 1,836.5 1,724.2 -6.1
EBITDA margin in % 17.5 % 14.8 %
EBIT 1,152.6 1,016.0 -11.9
EBIT margin in % 11.0 % 8.7 %
Profit before tax 979.6 728.4 -25.6
Profit for the period** 751.9 611.6 -18.6
EPS (in EUR)*** 4.69 3.41 -27.3

* according to IFRS all results after Purchase Price Allocation (PPA)
** Before minority interest and hybrid capital interest
*** From continuing operations

The financial report and more information on the full year result is available
on our website www.voestalpine.com or please contact our Investor Relations-Team
+43/50304/15-9949.

end of announcement euro adhoc
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ots Originaltext: voestalpine AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

DI Peter Fleischer

Head of Investor Relations

Tel.: +43/50304/15-9949

Fax: +43/50304/55-5581

mailto:peter.fleischer@voestalpine.com

http://www.voestalpine.com

Branche: Metal Goods & Engineering
ISIN: AT0000937503
WKN: 897200
Index: WBI, ATX Prime, ATX
Börsen: Wien / official market