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Voestalpine Indicates Significant Increase in Revenues

People ♦ Published: April 12, 2012; 16:02 ♦ (Vindobona)

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The Austrian steel company recorded about € 12.0bn in revenues last financial year. 25% of the revenues are based on exports apart from Europe.

Voestalpine Indicates Significant Increase in Revenues / Picture: © Flickr / Worldsteel

Revenues of the Austrian steel producer were up significantly last financial year, which ended by March 31. “In 2011/12, revenues are not far from the € 12.0bn threshold.” CEO Wolfgang Eder said. Already the year before, revenues rose by 28% to € 10.95bn. EBIT rose by 180% from € 352m to € 984.8m in 2010/11. In that period, the EBIT margin climbed up from 4.1% to…