This report is a translation of the original report in German, which is solely valid.

There has been a dramatic increase in the number of COVID-19 infections in many areas of the world since the end of the reporting period. In Europe, many EU member states have reacted by imposing lockdowns of varying severity yet again. The impact of these measures on economic growth going forward cannot be prognosticated in detail at the time this report is published. What is certain, however, is that the uncertainty regarding forecasts of future developments is much greater now.

Against this backdrop, the voestalpine Group will continue to focus on cost management and earnings stabilization. At the same time, our efforts to manage working capital will remain high and investments will remain low in order to strengthen the Group’s cash flow as well as its asset and capital structure.

It is to be expected in any case even though the situation regarding COVID-19 has intensified that the gradual improvement in the economic environment at the end of the first half of the business year 2020/21 will continue as the business year progresses. With the exception of the oil and natural gas sector as well as the aerospace industry, the positive trend in demand for products of the voestalpine Group in all major market segments should continue unabated in the business year’s second half.

Assuming that there will be no other material constraints on economic activity owing to the COVID-19 pandemic, such as additional governmental restrictions, the Management Board currently forecasts EBITDA of between EUR 800 million and EUR 1 billion for the entire business year 2020/21.

About voestalpine

In its business segments, voestalpine is a globally leading steel and technology group with a unique combination of materials and processing expertise. voestalpine, which operates globally, has around 500 Group companies and locations in more than 50 countries on all five continents. It has been listed on the Vienna Stock Exchange since 1995. With its top-quality products and system solutions, it is a leading partner to the automotive and consumer goods industries as well as the aerospace and oil & gas industries, and is also the world market leader in railway systems, tool steel, and special sections. voestalpine is fully committed to the global climate goals and is working intensively to develop technologies which will allow it to decarbonize and reduce its CO2 emissions over the long term. In the business year 2019/20, the Group generated revenue of EUR 12.7 billion, with an operating result (EBITDA) of EUR 1.2 billion; it had about 49,000 employees worldwide.


50 Countries on all 5 continents
500 Group companies and locations
49,000 Employees worldwide

Earnings FY 2019/20

€ 12.7 Billion


€ 1.2 Billion


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