Financial key performance indicators
In millions of euros |
|
|
|
|
|
|
|
|
|
BY |
|
|
||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
1st quarter 2024/25 |
|
2nd quarter 2024/25 |
|
3rd quarter 2024/25 |
|
4th quarter 2024/25 |
|
2024/25 |
|
2023/24 |
|
Change |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
1,566.1 |
|
1,352.0 |
|
1,336.5 |
|
1,544.5 |
|
5,799.1 |
|
6,087.8 |
|
–4.7 |
EBITDA |
|
229.7 |
|
165.5 |
|
129.4 |
|
219.2 |
|
743.8 |
|
686.6 |
|
8.3 |
EBITDA margin |
|
14.7% |
|
12.2% |
|
9.7% |
|
14.2% |
|
12.8% |
|
11.3% |
|
|
EBIT |
|
164.2 |
|
100.1 |
|
62.6 |
|
151.9 |
|
478.8 |
|
428.3 |
|
11.8 |
EBIT margin |
|
10.5% |
|
7.4% |
|
4.7% |
|
9.8% |
|
8.3% |
|
7.0% |
|
|
Employees |
|
10,816 |
|
10,924 |
|
10,705 |
|
10,675 |
|
10,675 |
|
10,747 |
|
–0.7 |
Revenue in the Steel Division declined by 4.7% year-on-year, from EUR 6,087.8 million in the 2023/24 business year to EUR 5,799.1 million in 2024/25. Falling raw material costs, combined with a subdued economic environment, had a dampening effect on price levels for flat steel products. Shipping volumes also declined slightly compared to the previous year. An improved product mix—specifically the expansion of high-tech heavy plate deliveries to the energy sector—contributed positively to revenue. This strong development in the energy segment is also reflected in the division’s earnings. Performance in the Steel Division was further supported by the implementation of extensive cost-cutting and efficiency-enhancing measures. As a result, the Steel Division was able to increase operating result (EBITDA) by 8.3%, from EUR 686.6 million (margin of 11.3%) in the previous year to EUR 743.8 million (margin of 12.8%) in the current reporting period, despite challenging market conditions. In addition to improvements in product mix and productivity, lower input costs for raw materials and energy helped offset declining price and shipment levels. Profit from operations (EBIT) rose accordingly by 11.8%, from EUR 428.3 million in the 2023/24 business year to EUR 478.8 million in 2024/25. The EBIT margin therefore increased from 7.0% to 8.3%.
In a direct comparison between Q3 and Q4 of 2024/25, the Steel Division significantly improved its financial performance indicators. Revenue rose by 15.6%, from EUR 1,336.5 million in Q3 to EUR 1,544.5 million in Q4, due to higher sales volumes. Price levels, however, declined slightly quarter-on-quarter. Between Q3 and Q4 of 2024/25, EBITDA improved significantly—up 69.4% from EUR 129.4 million (margin of 9.7%) to EUR 219.2 million (margin of 14.2%). The sharp increase in delivery volumes was a key driver of the very strong earnings performance in Q4. EBIT in the Steel Division rose by 142.7%, from EUR 62.6 million in Q3 to EUR 151.9 million in Q4 of 2024/25.
On the reporting date of March 31, 2025, the number of employees (FTE) had declined slightly by 0.7% to 10,675. On the same date in the previous year, the Steel Division had a workforce of 10,747.