Voestalpine Announces Q1-Q3 2010 Results

IndustrialsIndustrial Goods ♦ Published: November 18, 2010; 09:59 ♦ (Vindobona)

Voestalpine group increases EBIT by almost tenfold up to € 414m. Revenue goes up by 24.2% due to significant growth in sales

Voestalpine Announces Q1-Q3 2010 Results / Picture: © Vindobona.org

Voestalpine Group was able to boost its results in the first half of the business year 2010/11. With an EBIT increased almost tenfold up to € 414.2m compared to 42.7m in the same period last year, Net Income was clearly back in profit zone with € 249m. At the same time revenue increased by 24.2% from € 4.18bn to € 5.19bn. While the number of permanent staff was slightly…