OTE0002 5 WB 0574 CNE0001 WI Do, 08.Feb 2018
euroadhoc / euro adhoc / Quarterly Report

EANS-News: voestalpine with significant increase in earnings in the first three quarters 2017/18

Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.

Quarterly Report

Linz - The positive economic trend visible already end of 2016 was confirmed in the course of calendar year 2017. Above all the upswing of the economy in Europe was on a broad scale, whereas in the US the upward trend was fuelled by private consumption rather than by increasing investment activities. In particular foreign direct investments were at a low level there. China's economy continued to grow at a robust stable pace. The economy in Brazil has bottomed out in the 2nd half of 2017.
With respect to industry segments the automotive industry proved to be the driving force of the excellent development of voestalpine Group in the first three quarters 2017/18. Positive to highlight as well are the order intake from the consumer goods industry which remained stable at a solid level, the strong dynamics in the aviation sector as well as the improving environment in the mechanical engineering industry. Furthermore signs of an economic recovery were noticeable in the construction industry and at least from a volume's perspective in the oil and gas sector as well. On the negative side, investment activities in combination with a fierce price competition in the European railway infrastructure market had to be faced in the reporting period. Against this backdrop, voestalpine Group achieved significant growth in the first three quarters 2017/18 in comparison with the corresponding previous year both in revenues and in the particular earnings categories. More specifically the Steel Division posted by far the highest improvement in earnings due to a pick-up of prices as a consequence of the excellent demand situation for high quality flat steel products. But also the processing divisions were able to expand their operating profits, primarily based on volume expansions as a result of the "downstream"-growth strategy.
In the quarter-on-quarter comparison the solid development of the 2nd quarter was prolonged in the current 3rd quarter. From today's point of view the operating result (EBITDA) in the 4th quarter should achieve a level similar to the very strong 1st quarter, so that the expectations from the beginning of the business year regarding a substantially positive year-over-year development in both revenue and earnings are confirmed.

Key figures of voestalpine Group

______________________________________________________________________________ |(acc._IFRS)_______|______Q1-Q3_2016/17|______Q1-Q3_2017/18|____________Delta_%| |__________________|___04/01-12/31/2016|___04/01-12/31/2017|___________________| |Revenue___________|____________8,101.2|____________9,460.4|______________+16.8| |EBITDA____________|____________1,061.1|____________1,405.5|______________+32.5| |EBITDA_margin_in_%|_______________13.1|_______________14.9|___________________| |EBIT______________|______________545.0|______________834.6|______________+53.1| |EBIT_margin_in_%__|________________6.7|________________8.8|___________________| |Profit_before_tax_|______________461.4|______________737.1|______________+59.8| |Profit before the | 343.9| 555.9| +61.6| |period_*__________|___________________|___________________|___________________| |EPS_(euros)_______|_______________1.86|_______________2.95|______________+58.6| |Gearing-ratio in %| 61.2| 53.5| | |(12/31)___________|___________________|___________________|___________________| |In millions of | |euros_____________|

*Before deduction of non-controlling interests and interest on hybrid capital.

Further details on the 3rd quarter results 2017/18 are available on our homepage www.voestalpine.com [http://www.voestalpine.com/] or feel free to contact our Investor Relations team +43/50304/15-9949.

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: IR@voestalpine.com
WWW: www.voestalpine.com
ISIN: AT0000937503
indexes: ATX, WBI
stockmarkets: Wien
language: English

Digital press kit: http://www.ots.at/pressemappe/2054/aom

Rückfragen & Kontakt:

DI Peter Fleischer
Head of Investor Relations
Phone: +43/50304/15-9949
Fax: +43/50304/55-5581
peter.fleischer@voestalpine.com
http://www.voestalpine.com

***ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER***

OTE0002 2018-02-08/07:30