voestalpine Cuts Outlook for the Full Business Year

IndustrialsIndustrial Goods ♦ Published: November 17, 2011; 14:18 ♦ (Vindobona)

In the first half of the financial year 2010/11, the Austrian steel company recorded an increase in revenue of 15.1%. EBIT rose by 28.3% to € 531m.

voestalpine Cuts Outlook for the Full Business Year / Picture: © Voestalpine AG

Compared to the first half of the previous year, the voestalpine Group achieved significant increases during the first six months of the current business year, both in revenue and in all reporting categories. Revenue rose by 15.1% from € 5,191.8m in the previous year to € 5,977.7m. A comparison of EBITDA and EBIT at the Group level to the first half of the previous year shows an…