Annual Report 2005/06 - voestalpine

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Berichte der Divisionen Annual Report 2005/06 Key FigUres oF The Division proFilForm 2005/06 2004/05 Revenue 787.1 713.1 EBITDA 118.3 108.3 EBITDA margin (in %) 15.0 15.2 EBIT 88.3 82.7 EBIT margin (in %) 11.2 11.6 Employees 2,650 2,718 CUsTomers oF The Division proFilForm 37% Construction & construction subsuppliers 7% Civil and mechanical engineering 16% Automotive 25% Transportation & storage 15% Other marKeTs oF The Division proFilForm 35% Rest of Europe 10% North America 2% Rest of world 11% Austria 22% Germany 20% Great Britain In millions of euros Business year 2005/06 As percentage of divisional revenue Business year 2005/06 As percentage of divisional revenue
marKeT environmenT anD BUsiness perFormanCe The market environment – seen both geographically and by sector – in the division’s three business units was not uniform. In the standard tubes and sections segment, the first six months of the 2005/06 business year were characterized by difficult circumstances on the market. The adverse effect of prematerial costs, which remain high, was aggravated during this period by concurrent pressure on prices that resulted from overcapacities. During the second half of the year, the market environment was much more favorable. In particular, increased demand beginning early in the fourth quarter, driven primarily by companies replenishing their low inventory and an improved level of incoming orders in Germany, enabled the division to consistently continue with its “price before quantity” strategy in this sector despite the fact that the first half of the year was difficult. The tailored tube and sections segment was positively affected by the satisfactory development of its most important customer indus- tries: the construction and building supply industry (especially formwork construction and storage technology), the commercial vehicle industry (primarily cab construction and chassis beams), and the North American aviation industry. However, demand for partition walls and window reinforcement profiles was weaker. It is primarily the divisional companies in the Benelux countries, Great Britain, Germany, and the USA that are active in the special products business segment; they largely supply customers in their regions. In this segment, especially the European core markets (primarily Germany, France, Great Britain, Netherlands, Spain, and some of the Eastern European countries) and the USA reflected a positive trend in the 2005/06 business year. The market environment for the storage technology sector was very positive, particularly in the first two quarters when many projects were handled, queries about possible new orders were received, and incoming orders were logged. During the second half of the business year, the stream of incoming projects became somewhat more sluggish, however, demand remained high. Divisional Reports Annual Report 2005/06
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Annual Report 2005/06 www.voestalpi
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Who we are We are a leading Europea
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tHe GrOUP at a GLaNce voestalpine G
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Divisional reporTs 48 Division Stee
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voestalpine automotive gmbh voestal
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mag. Dr. Josef peischer Member of t
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Dr. Wolfgang eder (Born 1952, at vo
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In a market environment characteriz
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2002 2003 200 200 2000/01 Revenue (
Page 19 and 20: +253.0% 3. 2 . 0 Rubrik 13.13 1 200
Page 21 and 22: priCe perFormanCe oF The voestalpin
Page 23 and 24: Share capital: EUR 287,784,423.30 d
Page 25 and 26: With regard to Rule 49 of the Code,
Page 27 and 28: +164.7% 2, .1 3,1 .1 Rubrik , 01. 1
Page 29 and 30: eport of the Management Board Manag
Page 31 and 32: BUsiness perFormanCe oF The voestal
Page 33 and 34: stoppage due to the start-up of ope
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Page 37 and 38: In May 2005, the Division Railway S
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Page 41 and 42: In January 2006, a newly built cent
Page 43 and 44: Additionally, a new generation of t
Page 45 and 46: expansion of autonomy in the supply
Page 47 and 48: until the end of 2006. A balanced s
Page 49: Rubrik SucceSSful worldwide Annual
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Page 56 and 57: Rubrik Geschäftsbericht 2005/06
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Consolidated Financial Statements v
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Consolidated Financial Statements V
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1 Consolidated Financial Statements
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1 Consolidated Financial Statements
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1 Service voestalpine Grobblech Gmb
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Service voestalpine Rotec GmbH Grub
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Consolidated Financial Statements G
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1 Service Hot rolled. Product that
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voestalpine AG voestalpine-Strasse
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