Revenue of the voestalpine Group
In millions of euros
All-time highs characterized the performance of the voestalpine Group in the business year 2022/23 with respect to both revenue and numerous earnings categories. At EUR 18,225.1 million, revenue for the reporting period topped the previous business year’s revenue jump (EUR 14,923.2 million) by another 22.1%. Considered individually, all four divisions posted all-time revenue highs due to historically high product prices following the exorbitant increases in the cost of raw materials and energy. The Ukraine war, in particular, triggered a price shock in the raw materials and types of energy critical to steelmaking. Delivery volumes, by contrast, developed just moderately. As a result, both the Steel Division and the High Performance Metals Division posted slightly lower delivery volumes year over year, whereas the Metal Engineering Division increased its sales marginally during the business year ended. As far as markets are concerned, the energy sector’s contribution to revenue growth was disproportionately high. Revenue developed along a stable trajectory throughout the reporting period—with the exception of the weakening in the third business quarter for both seasonal and macroeconomic reasons.
