14.04.2022 voestalpine AG  AT0000937503

EQS-Adhoc: voestalpine AG: voestalpine sells majority stake in voestalpine Texas to ArcelorMittal


 

EQS-Ad-hoc: voestalpine AG / Key word(s): Disposal
voestalpine AG: voestalpine sells majority stake in voestalpine Texas to ArcelorMittal

14-Apr-2022 / 07:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


voestalpine sells majority stake in voestalpine Texas to ArcelorMittal
Necessary HBI volume to implement first decarbonization step secured long-term

voestalpine today signed an agreement with ArcelorMittal to sell 80% of its stake in voestalpine Texas Holding LLC, a hot briquetted iron (HBI) direct reduction plant in Corpus Christi, with production capacity of approximately two million tons per year. Part of voestalpine's further shareholding is a long-term supply agreement of 420,000 tons per year of the HBI produced in Corpus Christi. This provides the basis for further decarbonization of the steel production in Linz and Donawitz ("greentec steel"). In addition, this cooperation with ArcelorMittal reduces the spot market risk for the quantities not required by voestalpine.
The enterprise value for 100% of the shares in voestalpine Texas is approximately EUR 900 million (USD 1 billion). As a result of today's signing, voestalpine Texas will be reported as a discontinued operation in the 2021/22 financial statements in accordance with IFRS 5. The accounting profit from the transaction is expected to amount to approximately EUR 280 million (approximately USD 310 million), of which the majority will be reported in net income in the 2021/22 financial statements. The closing of the transaction is expected to take place in 2 to 3 months. Taking into account the expected debt development of voestalpine Texas as of today, the transaction will lead to a cash inflow in the amount of the equity value for 80% of the shares in voestalpine Texas of approximately EUR 610 million (approximately USD 680 million) at closing and thus to a significant reduction of the net financial debt of the voestalpine Group.
Irrespective of this transaction, the company's outlook for the 2021/22 financial year will be raised from an EBITDA of previously up to EUR 2.2 billion to slightly below EUR 2.3 billion.
 


14-Apr-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com


Language: English
Company: voestalpine AG
voestalpine-Straße 1
4020 Linz
Austria
Phone: +43 50304/15-9949
Fax: +43 50304/55-5581
E-mail: [email protected]
Internet: www.voestalpine.com
ISIN: AT0000937503
WKN: 897200
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1327827

 
End of Announcement EQS News Service

1327827  14-Apr-2022 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 11.294,50 12.897,80 13.560,70 12.717,20 11.266,60 14.923,20 0,00
EBITDA1,2 1.583,40 1.954,10 1.564,60 1.181,50 1.134,50 2.291,30 0,00
EBITDA-Marge3 14,02 15,15 11,54 9,29 10,07 15,35 0,00
EBIT1,4 823,30 1.180,00 779,40 -89,00 115,20 1.454,30 0,00
EBIT-Marge5 7,29 9,15 5,75 -0,70 1,02 9,75 0,00
Jahresüberschuss1 527,00 817,90 458,60 -216,50 31,70 1.330,30 0,00
Netto-Marge6 4,67 6,34 3,38 -1,70 0,28 8,91 0,00
Cashflow1,7 1.150,40 1.195,10 1.166,60 1.304,00 1.633,50 1.249,90 0,00
Ergebnis je Aktie8 2,84 4,40 2,31 -1,24 0,24 7,28 2,80
Dividende8 1,10 1,40 1,10 0,20 0,50 1,20 0,90
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Deloitte

INVESTOR-INFORMATIONEN
©boersengefluester.de
Voestalpine
WKN Kurs in € Einschätzung Börsenwert in Mio. €
897200 22,080 3.942,37
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
9,20 10,14 0,89 7,98
KBV KCV KUV EV/EBITDA
0,59 3,15 0,26 3,25
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
Hauptversammlung
0,50 1,20 5,43 06.07.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
04.08.2022 09.11.2022 08.02.2023 06.06.2023
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-6,50% -20,87% -31,98% -40,65%
    
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Stahl/Kupfer , 897200 , VAS , XETR:VAS