Development of the voestalpine share
voestalpine AG VS. THE ATX AND INTERNATIONAL INDICES
Changes compared to March 31, 2025 in %
DEVELOPMENT OF THE voestalpine SHARE
In the period from April 1 to September 30, 2025, the performance of the voestalpine share was influenced by numerous macroeconomic, industry-specific, and company-specific factors. The most important developments and their impact on the share are explained below.
At the beginning of the reporting period, international stock markets were dominated by “Liberation Day,” when the US administration announced comprehensive import tariffs to protect it’s domestic industry. The escalation of tariffs between the US and China in particular increased investor uncertainty. These concerns about global economic development led to heightened selling pressure on stocks.
The US government’s mid-April 2025 announcement of a 90-day suspension of tariffs helped to calm the stock markets somewhat. In addition, the European Central Bank’s (ECB) interest rate cuts in April and June 2025 boosted the performance of European stock markets and contributed to an upturn. Leading indicators such as the EU Purchasing Managers' indices Index (PMI), which pointed to a moderate upturn in demand, also developed increasingly positively.
Against this backdrop, the voestalpine share price recovered quickly after its initial decline at the beginning of the business year and then traded largely sideways until July 2025. In August and September, the share price rose significantly thanks to a series of positive company-specific and market-wide developments.
At the end of September, voestalpine shares received a further boost from political announcements. First, the US administration announced a retroactive reduction in tariffs on European car imports, effective August 1st. Toward the end of the reporting period, it also became known that the European Commission was planning stricter import restrictions on steel deliveries to the European Union to improve the competitive environment for European steel producers.
Overall, the performance of the voestalpine shares in the first half of the year was characterized by high momentum and shifting influencing factors. The combination of political initiatives, regulatory changes, and economic leading indicators resulted in active lively developments on the stock market. The closing price of EUR 30.38 represents an increase of 35.0 % compared to the price at the beginning of the 2025/26 business year. In contrast, the gains of the benchmark indices were significantly lower: The STOXX Europe Index rose by only around 5 % in the same period, while the Dow Jones Industrial Index increased by around 10 % and the ATX by 14 %.