Sharp Profit Decrease at voestalpine

Business › n.a. ♦ Published: August 7, 2012; 11:45 ♦ (Vindobona)

At € 3.051bn in the first quarter of 2012/13, revenue remains constant in a year-to-year comparison. EBITDA declines by 19% from € 463m to € 375m. Net profit down by 30.9%.

Sharp Profit Decrease at voestalpine / Picture: © Voestalpine AG

Although the economy has experienced a significant weakening in the past twelve months, the voestalpine Group was able to keep revenue in the first quarter of the business year 2012/13 (€ 3,051m as of June 30, 2012) at practically the same level as it has been in the excellent first quarter of the previous year (€ 3.052m). This is primarily the result of a new record for quarterly…

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