voestalpine Edelstahl GmbH manufactures tool steel and other specialty steel products for customers worldwide. It offers high performance metals, such as hot and cold work steel; high-speed, plastic molding, valve, powder-metallurgy, and special engineering steel; nickel-based alloys; high-alloyed steel; special grades; and cold rolled and hot rolled strip steel. The company also offers special forgings products, such as closed die components made of titanium and nickel-based alloys, as well as high/medium/low alloy steel. It serves automotive branch and energy generation sectors, including the oil and gas industry, machinery manufacturers, consumer goods producers, aircraft manufacturers, a...
Founded in 1991
Voestalpine Edelstahl GmbH Announces Earnings Results for the First Quarter Ended June 30, 2016
Aug 9 16
Voestalpine Edelstahl GmbH announced earnings results for the first quarter ended June 30, 2016. For the quarter, the company’s revenue is at EUR 2.8 billion against EUR 3 billion a year ago. Operating result (EBITDA) falls from EUR 527 million to EUR 334 million a year ago. Profit from operations (EBIT) is reduced from EUR 368 million compared to EUR 168 million a year ago. Profit before tax at EUR 139 million is 57.7% below the previous year. Unadjusted profit after tax falls by 63.5% to EUR 106 million, while adjusted decline is down from EUR 152 million to EUR 109 million.
voestalpine Edelstahl GmbH Presents at 14th International Stainless & Special Steel Summit, Oct-08-2015 09:00 AM
Sep 24 15
voestalpine Edelstahl GmbH Presents at 14th International Stainless & Special Steel Summit, Oct-08-2015 09:00 AM. Venue: Le Meridien, Vienna, Austria. Speakers: Wolfgang Emmerich, Corporate Strategy.
Voestalpine Group Announces Earnings Results for the First Half of Fiscal 2015
Nov 5 14
voestalpine Group announced earnings results for the first half of fiscal 2015. For the period, at -1.5%, the company's revenue was down slightly, from EUR 5.64 billion to EUR 5.56 billion. This is the result of the closure of standard rail production in Duisburg as of the end of 2013, the resulting decrease in the Metal Engineering Division's delivery volumes, and again a weaker price level in a series of business segments, the consequence of continued falling raw materials and pre-material costs. The significantly higher operating result (EBITDA), up by 11.2% to EUR 757 million, includes non-recurring effects in the Metal Forming Division totaling EUR 66.5 million (including effects relating to the sale of the Flamco Group and the agreement to sell the Plastics Solutions business segment). Adjusted for these non-recurring effects, EBITDA rose by 1.5%, from EUR 680 million in the previous year to EUR 690 million; as a result the (adjusted) EBITDA margin went up from 12.1 to 12.4%. The (unadjusted) profit from operations (EBIT) rose by 12.2%, from EUR 396 million to EUR 445 million. Adjusted by the non-recurring effect of EUR 45.2 million, EBIT came to EUR 400 million in the first half of 2014/15, corresponding to an increase of almost 1%. The adjusted EBIT margin was therefore at 7.2% (previous year: 7.0%). Profit before tax improved even more substantially, with an increase of 25.5% to EUR 392 million (from EUR 312 million). Even after deduction of the non-recurring effect of EUR 45.2 million, profit before tax in the first six months of the current business year was still EUR 347 million, or 11% above the previous year's figure. Profit for the period rose by 36%, going from EUR 238 million to EUR 324 million. Without taking the non-recurring effects (EUR 43.4 million) into account, the adjusted profit for the period is EUR 281 million, also a considerable improvement of around 18% over the previous year. This positive development is primarily the result of the lower financing costs. Earnings per share were EUR 1.65, a rise of +43.5% compared to the previous year's figure of EUR 1.15 (adjusted earnings per share: EUR 1.40). As of September 30, 2014, equity fell year-to-year by 2.6%, from EUR 5.1 billion to EUR 4.9 billion. Compared to the reporting date of March 31, 2014 (EUR 5.3 billion), equity fell by 6.3%. This decline is largely due to reclassification of the hybrid bond 2007 called in September 2014 (EUR 500 million) from equity to borrowed capital. As a result, net financial debt went up year-to-year by 22.4%, from EUR 2.4 billion (adjusted retroactively) to EUR 2.9 billion. Compared to the reporting date of March 31, 2014 (EUR 2.4 billion, adjusted retroactively), there was an increase of 19.7%.