DOCSLIB.ORG

Success. Our Definition. Annual Report 2011

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Success. Our Definition. Annual Report 2011 Copyright and published by Lenzing Group Lenzing . Lenzing Aktiengesellschaft 4860 Lenzing, Austria www.lenzing.com T 2011 R Edited by L REPO A Lenzing Aktiengesellschaft Success. Our definition. ANNU Corporate Communications . Angelika Guldt ANNUAL REPORT 2011 Lenzing Group Phone: +43 (0) 76 72 701-21 27 Fax: +43 (0) 76 72 918-21 27 E-mail: [email protected] Metrum Communications GmbH, Wien Idea and Design by ElectricArts GmbH Printed by kb-offset Kroiss & Bichler GmbH & CoKG Photography by Lenzing AG Fotostudio Manfred Lang GmbH Getty Images Trumph GmbH & Co. KG Boris Renner Elisabeth Grebe Michael Hägele ElectricArts GmbH Fotostudio Attersee Günter Brandstetter Wiener Börse AG Photography Wolfgang Simlinger Lenzing Aktiengesellschaft . 4860 Lenzing, Austria . Phone: +43 (0) 76 72 701-0 Fax: +43 (0) 76 72 701-38 80 . E-mail: [email protected] . www.lenzing.com OurSuccess. definition. www.facebook.com/LenzingGroup www.lenzing.com Key Data of the Lenzing Group according to IFRS Business Results Financing Structure Net Gearing Sales compared to EBITDA EUR Mn 20091 2010 2011 EUR Mn 20091 2010 2011 in % EUR Mn Sales EBITDA Sales 1,218.0 1,766.3 2,140.0 Cash and cash equivalents 125.4 305.6 493.8 EBITDA 187.9 330.6 480.3 Inventories 175.6 222.8 284.6 60 2,500 500 EBITDA margin in % 15.4 18.7 22.4 Receivables 169.1 254.9 312.8 EBIT 114.2 231.9 364.0 Liabilities 397.6 591.8 639.5 2,000 480.3 400 EBIT margin in % 9.4 13.1 17.0 Net financial debt 315.7 307.2 159.1 40 EBT 102.9 216.9 351.9 Net debt2 397.2 388.5 245.0 1,500 300 Profit for the year attributable Retained earnings 485.6 613.6 828.2 330.6 to shareholders of Lenzing AG 64.4 159.1 258.7 Net Gearing in % 51.9 40.5 15.2 1,000 200 20 187.9 500 100 51.9 40.5 15.2 1,218.0 1,766.3 2,140.0 0 0 0 20091 2010 2011 20091 2010 2011 Capital Expenditure (Property, plant and equipment) Cash Flow EUR Mn 20091 2010 2011 EUR Mn 20091 2010 2011 Capital expenditure Gross cash flow 147.4 282.3 389.0 Lenzing AG 53.0 53.6 59.8 Operating cash flow 250.9 294.0 309.7 Group total 150.4 230.0 196.3 Cashflow after investments Group depreciation (intangible assets, property, and amortization 77.7 102.5 120.6 plant and equipment) 100.5 64.0 113.4 cash, cash equivalents and 3 marketable securities 176.4 305.6 493.8 Dividend Sales compared to EBT in % Dividend in EUR Dividend yield in % EUR Mn Sales EBT 2.5 12.5 2,500 500 Capital Structure Stock Exchange 2.0 10.0 2,000 351.9 400 EUR Mn 20091 2010 2011 EUR 2009 2010 2011 Liabilities Common stock in mn 26.7 26.7 27.6 1.5 7.5 1,500 300 5.62 216.9 (w/o post employment benefits) 757.1 1,123.3 1,206.4 Market capitalization in mn 915.1 2,238.1 1,697.6 Post employment benefits 81.5 81.3 85.9 1.0 3.91 5.0 1,000 200 Adjusted equity 608.5 758.8 1,048.1 Share price as at 31 Dec.3 35.6 87.0 63.9 102.9 1.78 ROCE in % 8.6 18.4 23.3 Earnings per share4 5 2.50 6.19 9.88 0.5 2.5 500 100 ROE in % 11.0 24.9 29.6 2.00 1.55 2.502 1,218.0 1,766.3 2,140.0 0.0 0.0 0 0 20091 2010 2011 20091 2010 2011 Production 1) Values adjusted according to IFRS 5 1) Values adjusted according to IFRS 5 in 1,000 tons 20091 2010 2011 2) Including obgligations for pension and severance payments 2) Proposal Fibers (total) 568.6 653.7 705.1 Plastics5 25.9 35.7 39.3 3) In December 2010 the number of shares in circulation was 3) In December 2010 the number of shares in circulation was increased to increased to 25,725,000 by a stock split with a proportion of 1:7. 25,725,000 by a stock split with a proportion of 1:7. The comparative figures were adjusted. The comparative figures were adjusted. 4) Based on a weighted average number of shares 5) From continuing operations Key Data of the Lenzing Group according to IFRS Business Results Financing Structure Net Gearing Sales compared to EBITDA EUR Mn 20091 2010 2011 EUR Mn 20091 2010 2011 in % EUR Mn Sales EBITDA Sales 1,218.0 1,766.3 2,140.0 Cash and cash equivalents 125.4 305.6 493.8 EBITDA 187.9 330.6 480.3 Inventories 175.6 222.8 284.6 60 2,500 500 EBITDA margin in % 15.4 18.7 22.4 Receivables 169.1 254.9 312.8 EBIT 114.2 231.9 364.0 Liabilities 397.6 591.8 639.5 2,000 480.3 400 EBIT margin in % 9.4 13.1 17.0 Net financial debt 315.7 307.2 159.1 40 EBT 102.9 216.9 351.9 Net debt2 397.2 388.5 245.0 1,500 300 Profit for the year attributable Retained earnings 485.6 613.6 828.2 330.6 to shareholders of Lenzing AG 64.4 159.1 258.7 Net Gearing in % 51.9 40.5 15.2 1,000 200 20 187.9 500 100 51.9 40.5 15.2 1,218.0 1,766.3 2,140.0 0 0 0 20091 2010 2011 20091 2010 2011 Capital Expenditure (Property, plant and equipment) Cash Flow EUR Mn 20091 2010 2011 EUR Mn 20091 2010 2011 Capital expenditure Gross cash flow 147.4 282.3 389.0 Lenzing AG 53.0 53.6 59.8 Operating cash flow 250.9 294.0 309.7 Group total 150.4 230.0 196.3 Cashflow after investments Group depreciation (intangible assets, property, and amortization 77.7 102.5 120.6 plant and equipment) 100.5 64.0 113.4 cash, cash equivalents and 3 marketable securities 176.4 305.6 493.8 Dividend Sales compared to EBT in % Dividend in EUR Dividend yield in % EUR Mn Sales EBT 2.5 12.5 2,500 500 Capital Structure Stock Exchange 2.0 10.0 2,000 351.9 400 EUR Mn 20091 2010 2011 EUR 2009 2010 2011 Liabilities Common stock in mn 26.7 26.7 27.6 1.5 7.5 1,500 300 5.62 216.9 (w/o post employment benefits) 757.1 1,123.3 1,206.4 Market capitalization in mn 915.1 2,238.1 1,697.6 Post employment benefits 81.5 81.3 85.9 1.0 3.91 5.0 1,000 200 Adjusted equity 608.5 758.8 1,048.1 Share price as at 31 Dec.3 35.6 87.0 63.9 102.9 1.78 ROCE in % 8.6 18.4 23.3 Earnings per share4 5 2.50 6.19 9.88 0.5 2.5 500 100 ROE in % 11.0 24.9 29.6 2.00 1.55 2.502 1,218.0 1,766.3 2,140.0 0.0 0.0 0 0 20091 2010 2011 20091 2010 2011 Production 1) Values adjusted according to IFRS 5 1) Values adjusted according to IFRS 5 in 1,000 tons 20091 2010 2011 2) Including obgligations for pension and severance payments 2) Proposal Fibers (total) 568.6 653.7 705.1 Plastics5 25.9 35.7 39.3 3) In December 2010 the number of shares in circulation was 3) In December 2010 the number of shares in circulation was increased to increased to 25,725,000 by a stock split with a proportion of 1:7. 25,725,000 by a stock split with a proportion of 1:7. The comparative figures were adjusted. The comparative figures were adjusted. 4) Based on a weighted average number of shares 5) From continuing operations ANNUAL REPORT 2011 . Lenzing Group | 3 Success. Our definition. The business and sports worlds have a lot in common – above all the understanding that suc- cess only occurs on the basis of cooperation. The right partners have to come together in order to enjoy success – but also the right skills, values and opportunities. This is only possible in an environment characterized by fairness and trust offering space for development, progress and improvements, but also for mistakes and defeats. When this happens it is possible to manage what the Lenzing Group managed in 2011 – a new record or best achievement. This annual report shows exactly what harmonized perfectly to make this all possible … 4 Contents Success. Our definition. 03 Contents 04 Team spirit. 06 Editorial by the Chairman of the Management Board 08 The Lenzing Group 10 The Management Board of the Lenzing Group 11 The Business Units of the Lenzing Group 12 The Locations of the Lenzing Group 14 Products of the Lenzing Group 16 Segment Fibers 16 Segment Plastics Products 18 Segment Engineering 18 Strategic Positioning and Objectives 19 Management Report 2011 | Timing.* 22 General Market Environment 24 Development of the Lenzing Group 26 Segment Fibers 28 Business Unit Textile Fibers 32 Business Unit Nonwoven Fibers 34 Business Unit Pulp 36 Business Unit Energy 37 Segment Plastics Products 40 Segment Engineering 42 Persistence.* 44 Risk Report 46 Insurance 52 *) Not part of the Management Report ANNUAL REPORT 2011 .
Load more

Recommended publications
  • Omv Aktiengesellschaft
    Prospectus dated 27 August 2020 OMV AKTIENGESELLSCHAFT (incorporated as a joint stock corporation (Aktiengesellschaft) under the laws of the Republic of Austria) Euro 750,000,000 2.500 % Perpetual Subordinated Fixed to Reset Rate Notes ISIN XS2224439385, C ommon C ode 222443938, W KN A281UC Issue Price: 100.00 per cent. Euro 500,000,000 2.875 % Perpetual Subordinated Fixed to Reset Rate Notes ISIN XS2224439971, C ommon C ode 222443997, W KN A281UD Issue Price: 100.00 per cent. OMV Aktiengesellschaft, T rabrennstraße 6-8, 1020 Vienna, Republic of Austria ("OMV AG" or the "Issuer") will issue on 1 September 2020 (the "Issue Date") EUR 750,000,000 2.500% Perpetual Subordinated Fixed to Reset Rate Notes (the "NC6 Notes") and EUR 500,000,000 2.875% Perpetual Fixed to Reset Rate Notes (the "NC9 Notes" and together with the NC6 Notes, the "Notes" and each a "Series of Notes") in the denomination of EUR 100,000 each. The Notes will be governed by the laws of the Federal Republic of Germany ("Germany"). T he NC6 Notes shall bear interest on their aggregate principal amount (i) from and including the Issue Date to but excluding 1 September 2026 (the "NC6 First Reset Date") at a fixed rate of 2.500% per annum; (ii) from and including the NC6 First Reset Date to but excluding 1 September 2030 at the relevant 5-year swap rate for the relevant interest period plus a margin being equal to the initial credit spread and (iii) from and including 1 September 2030 at the relevant 5-year swap rate for each interest period thereafter plus a margin being equal to the initial credit spread plus 100 basis points per annum (as set forth in the terms and conditions of the NC6 Notes, the "NC6 Terms and Conditions").
    [Show full text]
  • Carbon Report - VBV VK Aktiendachfonds Identifier: - | Report Created On: Feb 20, 2020 | Holdings Date: Dec 31, 2019 | Benchmark: Equity - MSCI World Index
    Carbon Report - VBV VK Aktiendachfonds Identifier: - | Report created on: Feb 20, 2020 | Holdings Date: Dec 31, 2019 | Benchmark: Equity - MSCI World Index Currency: EUR | Industry Classification: GICS | Company Breakdown Metrics: carbon intensity (tCO2e / Mio. revenue) | Value: 611'301'158.00 EUR Executive Summary Coverage Carbon Disclosing Titles by Weight Emissions Emissions incl. Relative Carbon Carbon Intensity Weighted Average Scope 1+2 Scope 3 Footprint Carbon Intensity Portfolio 72.9% 99.6% 48'604.6 184'845.5 79.2 114.2 104.5 Benchmark 74.5% 99.5% 79'450.6 317'877.6 129.3 202.5 198.8 market value tCO2e tCO2e tCO2e / EUR Mio tCO2e / EUR Mio tCO2e / EUR Mio invested revenue revenue This report analyses a portfolio of securities in terms of the carbon emissions and other carbon related characteristics of the underlying portfolio companies. It compares this data to the performance of a relevant respectively chosen market benchmark. The data below represents a high-level subset of the information found in the following pages. The headline metrics provided in the table above includes absolute and relative figures for portfolio carbon emissions as well as intensity measures: The total carbon emission answers the main question “What is my portfolio’s total carbon footprint?” as it measures the carbon footprint of a portfolio taking scope 1-2 as well as scope 3 emissions into account The relative carbon footprint is a normalized measure of a portfolio’s contribution and is defined as the total carbon emissions of the portfolio per million EUR invested. It enables comparisons with a benchmark, between multiple portfolios, over time and regardless of portfolio size.
    [Show full text]
  • Voestalpine AG (A Joint Stock Corporation Under the Laws of Austria, Registered Number FN 66209T) As Issuer
    voestalpine AG (a joint stock corporation under the laws of Austria, registered number FN 66209t) as Issuer EUR 1,000,000,000 debt issuance programme (the “Programme”) This document constitutes a base prospectus (the “Prospectus”) of voestalpine AG (the “Company” or the “Issuer”, and, together with its consolidated subsidiaries, “voestalpine”, the “voestalpine Group” or the “Group”) for the purposes of Article 5.4 of Directive 2003/71/EC of the European Parliament and the council of November 4, 2003 (as amended or superseded) (the “Prospectus Directive”) and section 7 para 4 Austrian Capital Market Act (Kapitalmarktgesetz; the “Capital Market Act”) in respect of non-equity securities within the meaning of Article 22 no. 6 (4) of Commission Regulation 2004/809/EC of April 29, 2004 as amended. Under the Programme, the Issuer may from time to time issue direct, unsecured, unconditional and unsubordinated notes (the “Notes”) denominated in any currency agreed between the Issuer and the relevant Dealer (as specified in the applicable Final Terms, defined below), save that the minimum denomination of the Notes will be EUR 500 (or nearly equivalent in another currency at the time of the issue of the Notes). The total aggregate nominal amount of all Notes from time to time outstanding under the Programme may not at any time exceed EUR 1,000,000,000 (or its equivalent in other currencies calculated as described in the Programme Agreement (as defined below). Notes will be issued in tranches (each a “Tranche” or “Tranches of Notes”), each Tranche consisting of Notes which are identical in all respects.
    [Show full text]
  • Lenzing Group: Strategy Update
    Lenzing Investor Presentation Annual Result 2016 March 22, 2017 Disclaimer The information contained in this document has not been independently verified and no representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of this information or opinions contained herein. Certain statements contained in this document may be statements of future expectations and other forward looking statements that are based on management‘s current view and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. None of Lenzing AG or any of its affiliates, advisors or representatives shall have any liability whatsoever (for negligence or otherwise) for any loss howsoever arising from any use of this document or its content or otherwise arising in connection with this document. Certain figures in this presentation have been rounded in accordance with commercial principles and practice. Such figures that have been rounded in various tables may not necessarily add up to the exact total given in the respective table. Definition and further details on the calculation of financial key indicators can be derived from the Management Report and the glossary in the Annual Financial Report. This report is also available online on the website of the Lenzing Group www.lenzing.com in the section “Investors”. 2 Highlights 2016 Second best
    [Show full text]
  • DIVIDENDEN.REPORT.2020 Geplante Ausschüttungspolitik Der ATX Konzerne Mit Stand 2
    DIVIDENDEN.REPORT.2020 Geplante Ausschüttungspolitik der ATX Konzerne mit Stand 2. April 2020 Ein erster Blick in die Dividendensaison 2020 Im Rahmen dieser Schnelluntersuchung analysiert die Abteilung Betriebswirtschaft der AK-Wien die Dividenden- politik der großen, im Austrian Trade Index notierten, Konzerne. Zum Untersuchungszeitpunkt waren folgende Unternehmen im ATX notiert: Andritz AG, AT&S Austria Technologie & Systemtechnik AG, BAWAG Group AG, CA Immobilien Anlagen AG, DO&CO AG, Erste Group Bank AG, Immofinanz AG, Lenzing AG, Mayr-Melnhof Karton AG, Österreichische Post AG, OMV AG, Raiffeisen Bank International AG, Schoeller-Bleckmann Oilfield Equipment AG, S Immo AG, Telekom Austria AG, Uniqa Insurance Group AG, Verbund AG, Vienna Insurance Group AG, Voestalpine AG und Wiener- berger AG Zum Auswertungszeitpunkt, mit Stand 2. April 2020, lagen von 13 Unternehmen die vollständigen Konzernab- schlüsse (Andritz AG, BAWAG Group AG, Erste Group Bank AG, CA Immobilien Anlagen AG, Lenzing AG, OMV AG, Österreichische Post AG, Raiffeisen Bank International AG, Schoeller-Bleckmann Oilfield Equipment AG, S-Immo AG, Telekom Austria AG, Verbund AG Wienerberger AG) vor. Von weiteren 3 Unternehmen lagen die vorläufigen Zahlen (Mayr-Melnhof Karton AG, Uniqa Insurance Group AG und Vienna Insurance Group AG) vor. Es können daher mit Stand 2. April 2020 verlässliche Aussagen zu 80 % der ATX Konzerne getätigt werden. Rekordgewinne – zwei Drittel der Unternehmen konnten ihre Ergebnisse verbessern Das abgelaufene Wirtschaftsjahr 2019 bescherte den ATX-Unternehmen nach dem Vorjahr erneut Rekordge- winne. Konkret stieg das kumulierte, den AktionärInnen zurechenbare Ergebnis der 16 ATX Konzerne um 3,9 % auf 7,75 Milliarden Euro. Das zweite Jahr in Folge fuhren alle untersuchten Unternehmen einen Konzernüber- schuss ein.
    [Show full text]
  • Sustainability Report 2020
    www.lenzing.com up for future generations #alettertoachild Sustainability Report 2020 Lenzing Group Non-Financial Statement Highlightsof the year Strategic Achievements Awards milestones Financing agreements for con- Building Public Trust Award 2020 Strategic growth projects fully on struction of pulp plant in Brazil from PwC for the best climate 2 track: Brazil and Thailand concluded as planned reporting in the Austrian ATX Lenzing launches 3rd party Lenzing achieves highest Hot Austrian State Prize for Innovation 3 certified carbon-zero TENCEL™ Button category, the dark green for LENZING™ Web Technology shirt, for the first time branded fibers Pegasus4 business award, Second pilot plant completed for New level of transparency in the Upper Austria: second place for TENCEL™ Luxe filament yarn textile industry: Lenzing introduc- Lenzing (Austria) in the innovation es blockchain-enabled traceability category Brand visibility increased – envi- platform ronmental initiatives continue to 2020 High Performer Award raise awareness of sustainable Lenzing is the only first-time for Lenzing Fibers Inc. from ® solutions discloser recognized with presti- the EPA Smart-Way Transport gious double ‘A’ score for global Partnership5 The Nonwovens initiative for climate and forests stewardship EUREM Award6 for Lenzing AG in eco-responsible consumption by CDP #ItsInOurHands celebrates its the large enterprises category Lenzing is founding partner of the first anniversary, and succeeded Quality Supplier of Wood-based Renewable Carbon Initiative in driving
    [Show full text]
  • Sustainability Report 2019 | Lenzing Group Non-Financial Statement 1 Sustainability Report 2019 | Lenzing Group Highlights of the Year Highlightsof the Year
    www.lenzing.com up! Againsttand business as usual SSustainability Report 2019 | Lenzing Group Non-Financial Statement 1 Sustainability Report 2019 | Lenzing Group Highlights of the year Highlightsof the year Strategic Achievements Awards milestones On track with all committed “Digital Corona” in Gold for Construction start of a carbon- sustainability targets the introduction of blockchain positive pulp site in Brazil technology for fiber identification Once again number 1 wood- along the textile value chain1 Construction start of a carbon- based cellulosic fiber producer in neutral lyocell production site in Canopy’s Hot Button Report “Standort-Corona” (Corona for Thailand business location) for Lenzing’s Textile Exchange Report: achievements as a leading Upper Ambitious climate change LENZING™ fibers listed as Austrian company target set “Preferred Fibers” IDEA®19 Award in the “Best new Breakthrough: REFIBRA™ Kick-off of afforestation and fiber/raw material introduction” technology now with post- conservation project in Albania category2 for Lenzing’s VEOCEL™ consumer garments Lyocell fibers with Eco Cycle Support of replanting of 22,000 technology Expansion of pulp production trees in the California forests at the Lenzing site – further (Earth Month Campaign) Upper Austrian State Prize for reduction of carbon intensity per Innovation for LENZING™ Web Lenzing Group: About 30 percent ton of product Technology3 reduction of sulfur emissions over Investment in a new air the last five years TRIGOS 2019: Lenzing awarded purification and sulfur
    [Show full text]
  • Annual Report 2017 Lenzing Group Highlights 2017
    Annual Report 2017 Lenzing Group Highlights 2017 Jan. Feb. March Apr. May June July Aug. Sept. Oct. Nov. Dec. Innovative REFIBRA™ technology presented in Paris as a contribution to creating a closed loop in the fashion sector All standard Lenzing fibers are derived 100 percent from nature according to the Biobased Product Label issued by the US Department of Agriculture Groundbreaking ceremony for capacity expansion in Heiligenkreuz – increase of 25,000 tons in production capacity for premium specialty fibers All of the Lenzing Group‘s biobased materials are officially bio-certified by the US Department of Agriculture Customer intimacy: Lenzing opens a new sales and marketing office in Istanbul (Turkey) New sustainability strategy: On World Earth Day, Lenzing presents its new sustainability strategy and its sustainability report Innovative Heiko Arnold appointed new Chief Technology Officer of the Lenzing Group Greater transparency in the fashion industry: introduction of LENZING™ ECOVERO™ branded viscose fibers by New location: Lenzing plans to construct a state-of-the-art lyocell fiber production plant in Thailand Award: Lenzing receives the Pegasus business prize in Gold as the best leading company in Upper Austria More innovations and greater customer intimacy: New application and innovation center opened in Hong Kong Entry into the filament market: New TENCEL™ Luxe branded lyocell filament yarn presented in Paris Internationality prize: Lenzing Group ranks first in the “International“ category by Austria’s Leading Companies in Upper Austria Stefan Doboczky re-appointed as Chief Executive Officer – new contract runs to the end of 2022 Highlights 2017 Highlights 2017 Jan. Feb. March Apr. May June July Aug.
    [Show full text]
  • Taking Responsibility
    FOCUS SUSTAINABILITY SUSTAINABILITY IN THE LENZING GROUP ENVIRONMENT Voluntary commitment to stringent environ- mental standards WORKFORCE Corporate culture as Taking the basis for working together successfully Responsibility CUSTOMERS for Our Business Close cooperation along the entire value creation chain www.lenzing.com 2 ECONOMY Sustainability in the Lenzing Group Lenzing achieves sustainable success by thinking in the long term in a spirit of partnership giving equal attention to ecologi- cal, economic and social criteria: Lenzing makes products from the renewable raw material wood while at the same time meeting its environmental responsibilities. In light of the complex chemical and technologi- cal processes at its facilities, Lenzing considers environmental protection and a safe mode of production to be vital. Lenzing is following a path of generating long-term value through growth, innovation, qual- ity and market-orientation. All stakeholders, e.g. customers, employees and shareholders, benefit in a fair balance. Lenzing promotes the personal development of its employees regardless of factors such as for example their origin, religion or gender. Lenzing remains in an open dialog with all stakeholders and is committed to the well-being of those around it. SUSTAINABILITY REPORT . Lenzing Group | 3 Preface by the Chief Executive Officer improvement process that can never for our employees, for our customers come to an end. and suppliers, for compliance with our social, legal and ecological obligations In earlier decades viscose plants were as well as self-imposed standards. considered polluters. Lenzing shows These values give rise to the reliabil- that they do not have to be. Besides ity upon which our customers have sustainable process improvements, always been able to count.
    [Show full text]
  • Annual Report 2020/21
    ANNUAL REPORT 2020/21 www.voestalpine.com DEVELOPMENT OF THE KEY FIGURES In millions of euros 2016/17 2017/18 2018/19 2019/20 2020/21 Income statement Revenue 11,294.5 12,897.8 13,560.7 12,717.2 11,266.6 EBITDA 1,540.7 1,954.1 1,564.6 1,181.5 1,134.5 Depreciation 717.4 774.1 785.2 1,270.5 1,019.3 EBIT 823.3 1,180.0 779.4 –89.0 115.2 Profit before tax 699.9 1,042.5 645.7 –230.3 10.8 Profit after tax1 527.0 825.4 458.6 –216.5 31.7 Statement of financial position Investments in tangible and intangible assets and interests 1,011.4 895.2 1,011.8 776.7 612.1 Equity 6,060.3 6,554.3 6,709.8 5,614.9 5,649.9 Net financial debt 3,221.1 2,995.1 3,125.4 3,775.0 2,742.8 Net financial debt in % of equity (gearing) 53.2% 45.7% 46.6% 67.2% 48.5% Financial key performance indicators (KPIs) EBITDA margin 13.6% 15.2% 11.5% 9.3% 10.1% EBIT margin 7.3% 9.1% 5.7% –0.7% 1.0% Return on capital employed (ROCE) 8.1% 11.1% 7.0% –0.8% 1.1% Cash flows from operating activities 1,150.4 1,195.1 1,166.6 1,304.0 1,633.5 Share information Share price, end of period (euros) 36.90 42.57 27.07 18.54 35.33 Dividend per share (euros) 1.10 1.40 1.10 0.20 0.502 Market capitalization, end of period 6,506.2 7,506.0 4,832.6 3,308.9 6,307.1 Number of outstanding shares as of March 31 176,320,566 176,320,566 178,520,566 178,520,566 178,520,616 EPS – earnings per share (euros) 2.84 4.40 2.31 –1.24 0.24 Personnel Employees (full time equivalent), end of period 49,703 51,621 51,907 49,682 48,654 1 Before deduction of non-controlling interests and interest on hybrid capital.
    [Show full text]
  • AUSTRIA.EU.NFRD.2019.10.01.Pdf
    Copyright © Development International e.V., 2019 ISBN: 978-3-9820398-3-1 Authors: Chris N. Bayer, PhD Juan Ignacio Ibañez, LL.M. Jiahua (Java) Xu, PhD Title: A New Responsibility for Sustainability: Corporate Non-Financial Reporting in Austria Date published: October 1, 2019 Funded by: iPoint-systems gmbh www.ipoint-systems.com Executive Summary The EU Non-Financial Reporting Directive (NFRD) is a new regulation that seeks to “increase the relevance, consistency and comparability of information disclosed by certain large undertakings and groups across the Union.”1 Large undertakings in EU member states are not only required to report on their financial basics, now they are also required by Article 1 of the Directive to disclose their non-financial performance relevant to their business impact. This would include adverse consequences they have notably on the environment, labor rights, human rights, and how they handle diversity matters and the risk of corruption, whether as a function of their own business or actors in their supply chains. “You manage what you measure.” In accordance with the Directive, the Austrian transposition stipulates that the non-financial declaration must state which reporting framework was used to create it, as well as apply non-financial key performance indicators relevant to the particular business. These requirements are the impetus behind this study and our point of departure: We systematically assess the degree of non-financial transparency and performance reporting for 2018, applying an ex-post assessment framework premised on reporting frameworks as per the Global Reporting Initiative (GRI) and the United Nations Global Compact (UNGC). By benchmarking all Austrian companies subject to the EU NFRD-transposed law on the topics required to be disclosed – environmental, human rights, employee, social (gender), and anti-corruption matters – this study reveals which companies make an effort to show their degree of responsibility, and to what degree.
    [Show full text]
  • Investor Presentation Result 01-03/2019
    Lenzing Investor Presentation Results 01-03/2019 May 8, 2019 www.lenzing.com 08.05.2019 - 1 Disclaimer ● The information contained in this document has not been independently verified and no representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of this information or opinions contained herein. ● Certain statements contained in this document may be statements of future expectations and other forward looking statements that are based on management‘s current view and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. ● None of Lenzing AG or any of its affiliates, advisors or representatives shall have any liability whatsoever (for negligence or otherwise) for any loss howsoever arising from any use of this document or its content or otherwise arising in connection with this document. ● Certain figures in this presentation have been rounded in accordance with commercial principles and practice. Such figures that have been rounded in various tables may not necessarily add up to the exact total given in the respective table. ● Definition and further details on the calculation of financial key indicators can be derived from the Half-Year Report and the Annual Report. These reports are also available online on the website of the Lenzing Group www.lenzing.com in the section “Investors”. www.lenzing.com 08.05.2019
    [Show full text]