Voestalpine Confirms Guidance

Industrials › Industrial Goods ♦ Published: October 18, 2012; 17:06 ♦ (Vindobona)

The Austrian steel company expects stable operating profits. Demand is declining substantially, CEO Eder comments.

Voestalpine Confirms Guidance / Picture: © Vindobona.org

In the first quarter of 2012, voestalpine´s CEO Wolfgang Eder expects EBITDA to reach about € 900m. In the reference period of 2011, voestalpine´s EBITDA has reached the same level. Voestalpine´s revenues may decrease slightly, he says.

However, Eder explains that demand is declining in all strategic industries. “Especially the automotive industry indicates that there is a…

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