The first nine months of the business year 2017/18 brought highly positive developments overall for the voestalpine Group in terms of both revenue and earnings. This despite specific expenditures resulting from the simultaneous implementation of a number of large-scale projects that are of strategic importance to the Group’s future. Among others, this includes the start-up of a total of nine new automotive component plants on three continents, the operational launch of the first fully digitalized wire rod mill worldwide, the preparations for the general overhaul of the Group’s largest blast furnace next summer as well as the launch of the new special steel plant project.
Despite the challenges associated with these developments, at EUR 1.4 billion the operating result (EBITDA) for the first three quarters of 2017/18 has just about reached the EUR 1.54 billion level that was achieved for the entire business year 2016/17! From today’s perspective, both revenue and the operating result (EBITDA) for the last quarter of 2017/18 should be more or less on par with the first-quarter results. This confirms the expectation regarding the substantially positive year-over-year development in both revenue and earnings that was expressed as early as at the start of the business year.