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Voestalpine: CEO Eder Cautiously Optimistic

People ♦ Published: February 7, 2013; 23:21 ♦ (Vindobona)

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CEO Wolfgang Eder anticipates an economic recovery in the second half of 2013. Despite the difficult framework conditions, voestalpine´s management retains the earnings forecast.

Voestalpine: CEO Eder Cautiously Optimistic / Picture: © Flickr / Worldsteel

In the financial year 2012/13, voestalpine expects an EBITDA of € 1.4bn. EBIT will come at € 800m, Eder forecasts. “However, the preconditions for such targets have sharpened drastically in the last years.” Due to the worsened economic outlook, voestalpine had to revise its profit forecast for € 2012/13.

In the first six months of 2013, the economy will not recover,…