voestalpine Remains Below Expectations

Businessn.a. ♦ Published: February 15, 2012; 12:20 ♦ (Vindobona)

The Austrian steel company records moderately rising revenues and a small increase in earnings. EBIT is up by 2.8%, revenues grew by 11.9%.

voestalpine Remains Below Expectations / Picture: © Voestalpine AG

Despite an altogether extremely challenging economic environment, in the first three quarters of the business year 2011/12 voestalpine Group was able to exceed the previous year’s results, both for revenue and across all reporting categories. As the result of growth in all the divisions, revenue rose by 11.9%, from € 7,936m to € 8,877m. A comparison of EBITDA and EBIT shows an…