Voestalpine: Drop in Profits Expected

Business › n.a. ♦ Published: August 4, 2012; 13:29 ♦ (Vindobona)

Next Tuesday, the Austrian steel group will publish the results fort he first quarter of 2012.

Voestalpine: Drop in Profits Expected / Picture: © Vindobona.org

Analysts of Credit Suisse, Kepler Kapital Markets and Erste Group expect a substantial decrease in net income. On average, a decrease of 41.7% is forecasted. Thus, voestalpine´s net income should reach about € 111m. Voestalpine´s estimated revenues reach € 3.02bn. This would mean a reduction of 1.1% against the first quarter of 2011.

Regarding the operating income, a…

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Voestalpine, Steel Industry, Forecasts, Earnings
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