EANS-Adhoc: voestalpine AG /voestalpine reports an expected muted first quarter 2016/17 - outlook for the full business year remains unchanged

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Financial Figures/Balance Sheet/3-month report
09.08.2016

In a macroeconomic environment, characterized by persisting
uncertainty, voestalpine Group reported a drop in revenues as well as
earnings for the first quarter of the business year 2016/17, as
already announced at the release of the results of the business year
2015/16. Because of significant positive non-recurring items in the
comparable quarter of the last business year due to changes of
consolidation of businesses in the Metal Engineering Division, the
12-months comparison of the reported IFRS- figures does not reflect
the operational development. Excluding these non-recurring items, the
decrease of the financial figures largely reflects the significant
deterioration of the economic environment of the last 12 months.
Apart from the continuous worsening of the oil and gas business with
collateral effects on further industrial segments and aperiodic
financial burdens in the Steel Division (ramp up of the new DRI plant
in Corpus Christi, Texas, USA and readjustment of the coal injection
at a blast furnace in Linz, Austria), the time delay of contract
steel prices vs. steel spot market prices is mainly responsible for
the results development. The progression of the business year 2016/17
is unchanged expected to develop positively; in particular the second
half of 2016/17 is expected to show a clearly better EBITDA and EBIT
contribution than the first half. The voestalpine Group therefor
continues to aim for an operating result (EBITDA) and profit from
operations (EBIT) that will come close to the figures in the last
business year (adjusted figures).

Key figures of the voestalpine Group:

_____________________________________________________
|(acc._IFRS;_in_EURm)___|Q1_2015/16*|Q1_2016/17|Change|
|_______________________|04/01/_-___|04/01/_-__|in_%__|
|_______________________|06/30/2015_|06/30/2016|______|
|Revenue________________|3,001.7____|2,772.4___|-7.6__|
|EBITDA_________________|526.6______|333.9_____|-36.6_|
|EBITDA_margin_in_%_____|17.5_______|12.0______|______|
|EBIT___________________|368.4______|167.6_____|-54.5_|
|EBIT_margin_in_%_______|12.3_______|6.0_______|______|
|Profit_before_tax______|328.2______|138.9_____|-57.7_|
|Profit_for_the_period**|289.5______|105.8_____|-63.5_|
|EPS_(in_EUR)___________|1.61_______|0.58______|-64.0_|
|Gearing_ratio_in_%_____|53.4_______|55.9______|______|

* Q1 2015/16 retroactively adjusted.
** Before deduction of non-controlling interests and interest on hybrid capital.

Figures adjusted by special items from changes of consolidation:

______________________________________________________
|(acc. IFRS; in EURm) |ADJUSTED |ADJUSTED |ADJUSTED|
|______________________ |Q1_2015/16*|Q1_2016/17|Change__|
|______________________ |04/01/_-___|04/01/_-__|in_%____|
|______________________ |06/30/2015_|06/30/2016|________|
|EBITDA________________ |389.0______|333.9_____|-14.2___|
|EBITDA_margin_in_%____ |13.0_______|12.0______|________|
|EBIT__________________ |236.9______|171.5_____|-27.6___|
|EBIT_margin_in_%______ |7.9________|6.2_______|________|
|Profit_before_tax_____ |196.7______|142.8_____|-27.4___|
|Profit_for_the_period**|151.7______|108.7_____|-28.3___|
|EPS_(in_EUR)__________ |0.77_______|0.59______|-23.4___|

* Q1 2015/16 retroactively adjusted.
**Before deduction of non-controlling interests and interest on hybrid capital.

Further details on the 1st quarter results 2016/17 are available on our homepage

www.voestalpine.com or feel free to contact the 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