Voestalpine Boosts Earnings in the Business Year 2014/15

Businessn.a. ♦ Published: June 3, 2015; 17:30 ♦ (Vindobona)

Listed steel group Voestalpine increased its revenue slightly to EUR 11.2 billion (+1.0%) despite negative price effects. At EUR 1.53 billion, the operating result (EBITDA) was markedly higher than in the previous year (+11.4%). Investments worth EUR 1.18 billion are at record level (+25.8%). The outlook for the business year 2015/16 is positiv. The aim is to continue the improvement of operating results.

Voestalpine: EBITDA plus 11.4% compared with previous year / Picture: © Voestalpine AG

In a global economic environment that is inconsistent, the Voestalpine Group continued the positive development of the previous year in the business year 2014/15 (April 1, 2014 to March 31, 2015).

Despite constant price pressure from customers, triggered primarily by the sharp decline of raw materials prices, revenue rose by 1% in a year-to-year comparison from EUR 11.1…