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Voestalpine: Good Prospects
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Published: October 21, 2010; 13:28 ♦ (Vindobona)
Voestalpine has got back fast on the road to success. Cost reduction and growth outside Europe are the recipes.
The Linz-based steel group voestalpine AG might reach, according to the group’s CEO Wolfgang Eder, a profit increase of 50 to 100% in the financial year 2010/11 as compared to the previous year. The operating profit for 2009/10 amounted to 350 million euro. The surprisingly positive results for the second quarter lead Eder to suggest these good prospects, because the three summer…
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