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Voestalpine Confirms Guidance
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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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