In view of the increasingly challenging environment, voestalpine group performance during the first half of the business year was at a most satisfactory level, said the group.
In view of the increasingly challenging environment, voestalpine group performance during the first half of the business year was at a most satisfactory level, said the group.

At €5.56 billion, revenues were only slightly below the value for the previous year of €5.64 billion (-1.5%) and profit from operations (EBIT) significantly increased by 12.2% from €396 to €445 million.

In the automotive parts business segment, the metal forming division continued its very good performance but faced a subdued market in Europe for tubes and sections since the early part of the business year.

According to the company, the business year started with optimistic economic forecasts for mature economies and mixed expectations for emerging markets. However, measured against these expectations, and excepting North America and China, the global economic trend cooled down in the course of the first six months. 

Challenging environment

"Nevertheless, in view of the increasingly challenging environment, voestalpine Group performance during the first half of the business year was at a most satisfactory level," said Dr Wolfgang Eder, chairman of the voestalpine group. 

“Over the last 15 years we have developed from a traditional steel company into a steel-based technology and capital goods group, with a focus on the most technologically-demanding customer segments,” he added. “The performance of earnings – especially in a challenging economic environment – confirms that the strategy of extending the value chain based on premium steel products which has been pursued consistently in the past years was the right path to take.”