EANS-Adhoc: voestalpine AG / voestalpine with significant increase in sales and earnings in the 1st half of 2010/11

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The first half of the business year 2010/11 brought along nearly a tenfold increase of voestalpine AG´s operational result compared to the same period in the previous year.
With full utilization rates in almost all segments - against the downward trend in the European steel industry since summer 2010 - voestalpine group is back to an altogether normalised business environment after the crises in the years of 2008 and 2009. The development of the 2nd half 2010/11 is expected to be stable with widely full capacity utilization.

Key figures of voestalpine Group

(acc. IFRS; in EURm)* H1 2009/10 H1 2010/11 Change 01.04. - 30.09.2009 01.04. - 30.09.2010 in % Revenue 4,181.8 5,191.8 24.2 EBITDA 366.8 710.5 93.7 EBITDA margin in % 8.8 13.7 EBIT 42.7 414.2 870.0 EBIT margin in % 1.0 8.0 Profit before tax -42.3 317.4 Profit for the period** -19.8 249.7 EPS (in EUR) -0.35 1.24 Gearing ratio in % 90.0 65.8

* according to IFRS all results after Purchase Price Allocation (PPA) ** before minority interest and hybrid capital interest

Additional information as well as the full report about the half year´s results of voestalpine AG per effective day of September 30, 2010 is available on our homepage www.voestalpine.com at the category "Investors". If you have any questions please contact our Investor Relations-Team +43/50304/15-8735

end of announcement euro adhoc

issuer: voestalpine AG voestalpine-Straße 1 A-4020 Linz phone: +43 50304/15-9949 FAX: +43 50304/55-5581 mail: InvestorRelations@voestalpine.co WWW: www.voestalpine.com sector: Metal Goods & Engineering ISIN: AT0000937503 indexes: WBI, ATX Prime, ATX

stockmarkets: official market: Wien
language: English

Rückfragen & Kontakt:

DI Peter Fleischer
Head of Investor Relations
Tel.: +43/50304/15-9949
Fax: +43/50304/55-5581