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Highlights

  • Improvement in demand on European markets supports the upward economic trend in the European Union
  • Continuing strong economic development in North America
  • After somewhat weaker start to the year, China returns most recently to stable development at a solid level
  • Structural weaknesses and restrictive financial policy dampen growth in Brazil
  • In a year-to-year comparison, revenue slightly down due to lower pre-material costs and closure of standard rail production in Duisburg
  • At EUR 363.7 million, EBITDA remains at previous year’s level (previous year: EUR 363.5 million); due to lower revenue, EBITDA margin improves from 12.6% to 12.9%
  • At EUR 218.4 million, EBIT slightly below previous year’s figure of EUR 221.6 million, with a stable margin of 7.7%
  • Profit before tax (EUR 192.9 million) and profit for the period (EUR 154.4 million) rise considerably in a year-to-year comparison (first quarter 2013/14: EUR 175.0 million and EUR 137.6 million) due to an improved financial result and a lower tax rate
  • At 44.7%, gearing ratio (net financial debt in percent of equity) decreases compared to March 31, 2014 (46.0%, retroactively adjusted) as a result of continuing build-up of equity
  • Start of construction phase of the HBI project in Texas after successful completion of all approval processes
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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.

Facts

50 Countries on all 5 continents
500 Group companies and locations
47,463 Employees (FTE, 06/30/2014)

Earnings FY 2013/14

€ 11.2 Billion

Revenue

€ 1.4 Billion

EBITDA

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