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  • Global economy continues to be challenging throughout most of the business year 2013/14: in Europe, stagnation at a low level in most industrial segments; volatile development in North America; low growth rates in South America; China back on a trajectory of growth after a contraction in the spring of 2013
  • Considerably more positive mood since the early part of 2014; increasingly optimistic forecasts for the major economic regions
  • In a year-to-year comparison, Group’s revenue drops by 2.6% from EUR 11,524.4 million to EUR 11,228.0 million due to falling raw materials prices and somewhat deflationary price trends
  • In a year-to-year comparison, Group’s operating result (EBITDA) down by 3.4% to EUR 1,382.7 million (previous year: EUR 1,431.3 million); at EUR 792.3 million, profit from operations (EBIT) 6.0% below the previous year’s level (EUR 843.1 million)
  • Profit before tax (EUR 656.0 million) and profit for the period (EUR 522.9 million) slightly up compared to the previous year
  • Structure of statement of financial position stable despite almost EUR 1 billion in investments in an economically difficult environment: at 45.8%, gearing ratio (net financial debt in percent of equity) as of March 31, 2014 largely unchanged in comparison to the previous year (44.5% as of March 31, 2013)
  • Launch of Group-wide efficiency improvement and cost optimization program expected to save EUR 900 million over the next three business years
  • Financial performance of the Metal Engineering Division stable at a very high level; Special Steel Division improves slightly; two-digit growth rates in the Metal Forming Division confirm that strategic policy of focusing on the combination of materials development and processing was the right step to take
  • Due to continuing weakness in the oil and natural gas industries (pipeline construction), results in Steel Division significantly reduced
  • Group’s largest foreign investment, a EUR 550 million HBI plant in Corpus Christi, Texas, on schedule and precisely within the budget
  • Dividend proposed to the Annual General Shareholders’ Meeting: EUR 0.95 per share, 5.6% increase compared to the previous year (EUR 0.90 per share)
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About voestalpine

The voestalpine Group is a steel-based technology and capital goods group that operates worldwide. With its top-quality products, the Group is one of the leading partners to the automotive and consumer goods industries in Europe and to the oil and gas industries worldwide.


50 Countries on all 5 continents
500 Group companies and locations
48,113 Employees worldwide

Earnings FY 2013/14

€ 11.2 Billion


€ 1.4 Billion


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