EANS-Adhoc: voestalpine reports stable results compared to the immediately preceding quarter but a decline in a year-to-year comparison. For the first time since the BÖHLER-UDDEHOLM acquisition, Geari

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quarterly report

07.08.2012

The negative mood that has been affecting the macroeconomic
environment since the summer of 2011 continued unchanged in the first
quarter of 2012/13. And the economic framework conditions did not
provide any signs for a trend reversal toward the positive end of the
spectrum. The voestalpine Group's consistent downstream strategy
combined with its concentration on those segments that demand top
quality and technology is demonstrating a significant stabilizing
effect in this challenging market environment not only with regard to
capacity utilization but revenue and profits as well, especially when
compared to the competition. Compared to the immediately preceding
quarter, the operating results remained largely stable (Q4 2011/12
adjusted for non-recurring effects: EBITDA EUR 388.9 million; EBIT
EUR 232.8 million). Compared to the very strong first quarter of the
previous year, however, although revenue remained stable, the
operating results declined. Nevertheless, due to the positive cash
flow, the gearing ratio (net financial debt as a percentage of
equity) was reduced to currently 49.9%. Provided that the economic
environment does not experience additional turbulence, from today's
perspective, it should be possible to match last year's adjusted EBIT
of around EUR 900 million in the business year 2012/13.

Key figures of the voestalpine Group

(acc. IFRS; in EURm)* Q1 2011/12 Q1 2012/13 Change
1.4.11 - 1.4.12 - in %
30.6.2011 30.6.2012
Revenue 3,051.5 3,050.6 0.0
EBITDA 462.9 375.0 -19.0
EBITDA margin in % 15.2 12.3
EBIT 317.6 230.7 -27.4
EBIT margin in % 10.4 7.6
Profit before tax 271.8 185.1 -31.9
Profit for the period** 209.6 144.9 -30.9
EPS (in EUR) 1.13 0.74 -34.5
Gearing ratio in % 57.0 49.9

* In according with IFRS all results after Purchase Price Allocation (PPA)
** Before minority interest and hybrid capital interest

Further details on the 1st quarter results 2012/13 are available on our homepage
www.voestalpine.com or feel free to contact our Investor Relations team
+43/50304/15-9949.

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

end of announcement euro adhoc
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issuer: voestalpine AG
voestalpine-Straße 1
A-4020 Linz
phone: +43 50304/15-9949
FAX: +43 50304/55-5581
mail: IR@voestalpine.com
WWW: www.voestalpine.com
sector: Metal Goods & Engineering
ISIN: AT0000937503
indexes: WBI, ATX Prime, ATX
stockmarkets: official market: Wien
language: English