EQS-Adhoc: voestalpine AG: voestalpine raises outlook for Business year 2022/23 (EBITDA). Impairment losses reduce EBIT of the second business quarter

EQS-Adhoc: voestalpine AG: voestalpine raises outlook for Business year 2022/23 (EBITDA). Impairment losses reduce EBIT of the second business quarter

EQS-Ad-hoc: voestalpine AG / Key word(s): Change in Forecast
voestalpine AG: voestalpine raises outlook for Business year 2022/23
(EBITDA). Impairment losses reduce EBIT of the second business quarter

24-Oct-2022 / 13:32 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS
Group AG.
The issuer is solely responsible for the content of this announcement.

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voestalpine raises outlook for Business Year 2022/23 (EBITDA)
Impairment losses reduce EBIT of the second business quarter

In its last outlook, the Management Board of voestalpine AG expected
EBITDA of approximately EUR 2 billion for the entire 2022/23 business
year. This outlook was based on the assumption of a strong economic
slowdown in the second half of the business year. Based on the latest
economic forecasts, this is indeed becoming apparent, but somewhat later
than voestalpine originally expected.

In addition, the geographic and industry diversification of the
voestalpine Group supports the currently expected earnings development.
The Management Board assumes that the market segments energy, railway
infrastructure and aerospace will continue the prevailing positive trends
even in the forecast more difficult economic environment.

Furthermore, positive one-off effects of approximately EUR 120 million
from a land sale in the High Performance Metals Division in Germany are
expected in the second half of 2022/23.

After the excellent first fiscal quarter, the development of the second
fiscal quarter is expected to be in line with market expectations on
EBITDA-basis (Bloomberg Consensus Q2 BY 2022/23: EBITDA Median: EUR 550
million) according to preliminary key data. Group-EBIT of the second
fiscal quarter will be negatively impacted by impairment losses in the
High Performance Metals Division and is therefor expected to be in the
range of EUR 200 million.

Based on developments to date and estimates from today’s perspective, the
Management Board of voestalpine AG currently expects EBITDA for Business
Year 2022/23 to be in a range of EUR 2.3 to EUR 2.4 billion. This figure
includes the non-recurring effects from the above-mentioned sale of land.

This estimate does not include any unexpected economic distortions from
the further course of the war in Ukraine or any energy supply problems in
Europe.

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24-Oct-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com

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Language: English
Company: voestalpine AG
voestalpine-Straße 1
4020 Linz
Austria
Phone: +43 50304/15-9949
Fax: +43 50304/55-5581
E-mail: IR@voestalpine.com
Internet: www.voestalpine.com
ISIN: AT0000937503
WKN: 897200
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1470407

 
End of Announcement EQS News Service

1470407  24-Oct-2022 CET/CEST

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