Strong Growth for voestalpine in 2010/11

IndustrialsBasic Resources ♦ Published: May 31, 2011; 10:50 ♦ (Vindobona)

The Austrian steel company increased its operating result by 180% to € 984.8m. Annual profit tripled to around € 600m.

Strong Growth for voestalpine in 2010/11 / Picture: © Voestalpine AG

The voestalpine group achieved significant growth in sales and profits in the 2010/11 financial year compared to the previous financial year, generating the second-highest sales figures in the company’s history. This positive development was the result of consistently strengthening economic dynamics over the course of the year and almost 100 % use of all production capacity in the…