Voestalpine

Voestalpine in the Midst of an Accounting Scandal and Weak Quarterly Results

Voestalpine AG, one of Europe's leading steel and technology groups, is currently facing a double crisis. In addition to a massive drop in profits in the first quarter of the business year 2024/25, the company is struggling with the consequences of an accounting scandal that spanned more than a decade and only became public in June 2024.

September 18, 2024

Construction Stop of "High Speed 2" in Northern England: Austrian Companies Affected

The surprising halt to the construction of part of the major British project, the "High Speed 2" (HS2) high-speed rail line, is causing discussion among the companies involved. Austrian companies in particular, which are involved in the rail project worth billions, could be affected.

October 5, 2023

United States Secretary of Labor Marty Walsh Visits Austria

Marty Walsh, Secretary of the U.S. Department of Labor, visited Austria and learned about best practices in apprenticeship training from several government and industry representatives. This was a further expansion of bilateral relations based on the Memorandum of Understanding signed in April 2022 to strengthen cooperation between the U.S. and Austria in apprenticeship training.

January 25, 2023

US Embassy: Visit of the Chargé d'affaires Strengthens Economic Ties between USA and Upper Austria

The Chargé d'affaires of the US Embassy in Vienna Mario Mesquita visited Linz and met with Upper Austrian Governor Thomas Stelzer and Voestalpine CEO Herbert Eibensteiner. Read about Mesquita's visit and what was discussed.

November 11, 2021

Doing Business with the United Arab Emirates: World Expo 2020 Opens in Dubai

The World Expo 2020, which kept its name despite being delayed to 2021, is set to begin in Dubai on 1 October. The United Arab Emirates (UAE) has been a particularly sought-after market for many Austrian companies. Read about the upcoming Expo, the economic relationship between Austria and the UAE, and some of the many Austrian companies that have found success there.

September 23, 2021

Vienna Stock Exchange: EVN Replaces Telekom Austria in ATX

The semi-annual review of the Austrian leading index ATX has shown a change in the composition. EVN AG will replace Telekom Austria AG. Furthermore, voestalpine AG is included in the ATX five, which comprises the five largest listed companies, instead of Raiffeisen Bank International AG.

March 3, 2021

WKO: Vaccination in Austrian Businesses Possible

Austria's companies could be used as part of the vaccination strategy. This is what many major companies and Austria's Federal Chamber of Commerce suggest. The readily available infrastructure could provide testing and vaccination facilities for up to 500,000 employees in the various industries.

January 12, 2021

Voestalpine: Short-time Work in 50 European Subsidiaries

The biggest economic challenge of the past decade represented by the coronavirus pandemic has hit the Austrian technology group Voestalpine hard. Short-time work in Austria and other European countries such as Germany, Belgium and France is unavoidable due to the slump in demand.

March 24, 2020

Vienna Stock Exchange: Mayr-Melnhof and BAWAG on the Rise

BAWAG Bank, Austria's fourth-largest bank in terms of total assets, rises to become the fifth-largest listed company on the Vienna Stock Exchange. The cartonboard producer Mayr-Melnhof replaces FACC in the ATX.

March 4, 2020

Largest Austrian Listed Companies: Verbund Replaces Andritz in ATX five

The semi-annual review of the Austrian leading index ATX shows no change in the composition. However, Verbund AG is moving into the ATX five, which comprises the five largest listed companies, instead of Andritz AG from Styria, according to the Vienna Stock Exchange in a press release.

September 4, 2019

Meet the New Ambassador of the Republic of Korea to Austria: H.E. Mr. Shin Chae-hyun

The new Ambassador of the Republic of Korea (South Korea) to Austria, and Permanent Representative to the United Nations and other International Organizations in Vienna, H.E. Mr. Shin Chae-hyun presented Austrian Federal President Alexander Van der Bellen with his letter of accreditation at the Vienna Hofburg. He succeeds Ambassador Shin Dong-ik in this position.

July 18, 2019

Vienna Stock Exchange: High Dependence on UK Traders

In 2018, around 60% of the equity turnover on the Vienna Stock Exchange came from UK trading participants. Hence equity turnover declined by 16.3% compared to the previous year. The most active stocks were Erste Group, OMV and Voestalpine. The SME segment "direct market plus" started with 8 companies, including 4 new listings.

April 3, 2019

Business Mission and "Future Trip" to Tel Aviv as Part of the State Visit of Van der Bellen

On the occasion of the official state visit of Federal President Alexander Van der Bellen, the Austrian Chamber of Commerce and Industry (WKO) is organising an economic mission entitled "Infrastructure" as well as the "Open Innovation for Corporates" future trip to Tel Aviv.

February 4, 2019

Voestalpine - Half-year financial report according to art. 87 para. 1 Stock Exchange Act

Voestalpine AG is declaring the following financial reports below.

November 8, 2017

Voestalpine reports best half year’sresults since "Lehman"

The global macroeconomic environment was characterized by improving dynamics for the most part in the first six months of the business year 2017/18. Apart from private consumption, which was the main pillar for economic growth in most regions in the past, investment activities increasingly contributed to the positive development in the course of the first half 2017/18.

November 8, 2017

Voestalpine AG / New bond issues

Voestalpine AG has successfully placed a new EUR 500 million corporate bond issue in the capital market to provide funding for general corporate financing, as well as to refinance a senior bond which expires in February 2018. The order book, totaling over EUR 1.25 billion and including around 220 different investors, was of excellent quality. The coupon rate for the 7-year bond is 1.375%.

September 20, 2017

Voestalpine AG - Investigations of the German Federal Cartel Office

Voestalpine AG hereby informs that in the course of the current investigations of the German federal cartel office against steel producers, an inspection in the office of voestalpine in Linz is conducted today (12th September 2017) for the German federal cartel office. The reason for the inspection is the suspicion of anti-competitive practices in the market for heavy plates. Austrian authorities are cooperating in accordance within the European legal framework.

September 12, 2017

voestalpine AG / Quarterly report according to art. 87 para. 6 Stock Exchange Act

Voestalpine AG is declaring the following financial reports below.

August 9, 2017

voestalpine achieves its best quarterly results since theonset of the financial crisis*

In an economic environment, which was characterized by positive growth in Europe and Asia as well as a moderate upward trend in North America, which was however accompanied by considerable uncertainties, voestalpine achieved new peak levels of its operational earnings in the first quarter of the business year 2017/18 since the onset of the financial crisis.

August 9, 2017

EANS-General Meeting: voestalpine AG / Resolutions of the General Meeting

Voestalpine AG's annual financial statements for 2016/17 once again confirm the Group's strong appeal to its shareholders as a profitable investment. At today's 25th Annual General Meeting, a dividend of EUR 1.10 per dividend-bearing share was resolved for the business year 2016/17. The shareholders thus approved the corresponding proposal by the Management Board and the Supervisory Board.

July 5, 2017

EANS-General Meeting: voestalpine AG / Invitation to the General Meeting according to art. 107 para. 3 Companies Act

We hereby invite our shareholders to the 25th Annual General Meeting of voestalpine AG, taking place on Wednesday, July 5, 2017 at 10:00 a.m. in the Design Center Linz, Europaplatz 1, A-4020 Linz.

June 2, 2017

voestalpine AG / Yearly financial report according to art. 82 para. 4 Stock Exchange Act

Voestalpine AG is declaring the following financial reports below.

June 1, 2017

voestalpine reports increasing revenue and excellent

Against the backdrop of a macroeconomic environment with a moderate growth trend, that was surprisingly resistant against political turbulences (Brexit, Trump, Turkey,...), voestalpine was able to step up its earnings performance over the course of the business year 2016/17 and after an outstanding fourth quarter surpassed last year's figures on a clean basis (excluding exceptional items from changes of consolidation in the previous business year 2015/16).

June 1, 2017

EANS-Total Voting Rights: voestalpine AG / Release according to article 93BörseG

voestalpine AG AG hereby announces that at the end of the month March 2017 the number of voting rights amounts to a total of 176,349,163 voting rights. The stated capital is now EUR 320,394,836.99. The change of total voting rights is effective as of 30.03.2017.

March 31, 2017

voestalpine AG / Report of the Management Board of voestalpine AG in accordance with § 171 (1) in conjunction with § 153 (4) Austrian Joint Stock Corporation Act

In accordance with § 169 Austrian Joint Stock Corporation Act [AktG] the general meeting of shareholders of voestalpine AG held on July 2, 2014 authorized the Management Board to increase the company's capital up to EUR 31,330,923.02 on or before June 30, 2019, if necessary in several tranches, by issuing up to 17,244,916 bearer shares, in exchange for contributions in kind and/or cash contributions under exclusion of the subscription rights of shareholders to be made available to employees, executives and members of the Management Board of the company or a company affiliated with the company, under an employee shareholding scheme.

March 6, 2017

voestalpine AG / voestalpine resolves to increase registered capital by 0.8% in order to further expand employee shareholding scheme

Subject to the approval of the Supervisory Board, voestalpine AG's Management Board resolved on March 6, 2017 to exercise its power to increase the Company's registered capital in accordance with § 4 (2b) of its Articles of Association by issuing 1,400,000 new bearer shares at no par value, thus increasing the registered capital by approximately 0.8%.

March 6, 2017

voestalpine AG / Quarterly Report

Voestalpine AG is declaring the following financial reports below.

February 9, 2017

Voestalpine AG with solid development in the first nine

In a macroeconomic environment, which is characterized by moderate economic growth but political turbulences (Brexit, Trump, Turkey,...), voestalpine was able to continue its solid development. In particular the automotive industry, as well as the whole consumer goods sector and the aviation industry continued to be the drivers of the positive economic trend.

February 9, 2017

voestalpine AG / Half Yearly Report

Voestalpine AG is declaring the following financial reports below.

November 9, 2016

voestalpine AG /voestalpine significantly increased earnings

The macroeconomic environment of the first six months of the business year 2016/ 17 was characterized by the continuation of the moderate economic recovery in Europe, which turns out to be even resistant against the BREXIT-vote as well as the crisis in the Middle East so far.

November 9, 2016

voestalpine AG /voestalpine reports an expected muted first quarter

In a macroeconomic environment, characterized by persisting uncertainty, voestalpine Group reported a drop in revenues as well as earnings for the first quarter of the business year 2016/17, as already announced at the release of the results of the business year 2015/16.

August 9, 2016

EANS-General Meeting: voestalpine AG / Invitation to the General Meeting

voestalpine AG, Linz Invitation to the 24th Annual General Meeting of the Company, taking place on Wednesday, July 6, 2016 at 10:00 a.m. in the Design Center Linz, Europaplatz 1, A-4020 Linz.

June 3, 2016

voestalpine AG / Announcement: webcast of voestalpine's press

voestalpine, an Austrian based technology and capital goods group with operations worldwide, published its Annual Report for the Business Year 2015/16 at 10 am (CEST) this morning.

June 2, 2016

voestalpine AG / voestalpine withstanding deteriorating economicenvironment

Due to the concentration on technology-intensive most demanding market segments, voestalpine achieved broadly stable earnings in an undoubtedly challenging economic environment in the business year 2015/16. Economically, Europe was able to continue the moderate recovery trend, whereas North America showed easing dynamics towards the end of the business year, Brazil and Russia stayed in deep recession.

June 2, 2016

Announcement: Webcast of voestalpine's press conference

Voestalpine, an Austrian based technology and capital goods group with operations worldwide, announces the publication of its Annual Report for the Business Year 2015/16 today at 10 am (CEST).

May 30, 2016

Voestalpine Acquires Specialty Steel Firms in Shanghai and Barcelona

Voestalpine steel buys two specialty steel firms. With the purchase of Advanced Tooling Tek (ATT) in Shanghai, China, and the Sermetal Group in Barcelona, Spain, Voestalpine is enhancing its position as a producer of special steels. Both companies are specialized in the processing and sale of special steel products for tool and mold-making, a segment whose main customers are the automotive and electronics industries. Together ATT and the Sermetal Group have around 160 employees and generated a total revenue of around EUR 43 million in 2015.

April 7, 2016

voestalpine AG / voestalpine increases sales and earnings in first three quarters of 2015/16

Despite an increasingly challenging economic environment, voestalpine succeeded in increasing sales and earnings in the first three quarters of the business year 2015/16 in comparison to the respective figures of last year. It has to be considered that the earnings of the first nine months 2015/16 as well as those of last year's comparative period were affected by non-recurring items (changes in consolidation in BY 2015/16 and divestments in BY 2014/15 respectively).

February 10, 2016

Voestalpine AG - Statement concerning the proceedings of the German Federal Cartel Office

voestalpine is aware of the proceedings of the German Federal Cartel Office that became known today due to searches at competitors of voestalpine. The proceedings also relate to companies of the Special Steel Division of the voestalpine Group. voestalpine takes these proceedings very seriously, cooperates with the authority and currently does not expect that significant fines will be imposed against voestalpine in these proceedings. Due to the ongoing proceedings no further information can currently be made.

November 26, 2015

Voestalpine Increased Revenue by 4.1% in First Half 2015/16

In the first half of the business year 2015/16 (April 1 to September 30), the steel group Voestalpine continued its performance despite an economic environment that – viewed globally – is inconsistent. In a year-to-year comparison, it increased its revenue by 4.1% from EUR 5.6 billion to EUR 5.8 billion.

November 11, 2015

voestalpine AG /voestalpine with increasing revenue and surging

The figures of the first half of BY 2015/16 as well as the figures of the same period a year earlier are affected by non-recurring items. But even on clean basis (i.e. excluding these non-recurring items in both periods) revenue as well as earnings increased.

November 11, 2015

voestalpine AG /voestalpine with boost in earnings due to special

Before the backdrop of a globally uneven economic environment with moderate growth in Europe, prolonged strong demand in North America, Asia with regionally differing business developments and Brazil continuing the downward trend, voestalpine was able to significantly improve profits in all categories in the first quarter of the business year 2015/16.

August 5, 2015

voestalpine AG /voestalpine Annual General Shareholders' Meeting approves dividend of one euro

Today, at the 23rd Annual General Shareholders' Meeting of voestalpine AG, a dividend of one euro (after EUR 0.95 in the previous year) for each dividend-bearing share was approved for the business year 2014/15. The shareholders acted on the relevant recommendation by the Management Board and the Supervisory Board. The dividend shall be paid out starting on July 13, 2015 (ex-dividend date is July 6, 2015).

July 1, 2015

Voestalpine Boosts Earnings in the Business Year 2014/15

Listed steel group Voestalpine increased its revenue slightly to EUR 11.2 billion (+1.0%) despite negative price effects. At EUR 1.53 billion, the operating result (EBITDA) was markedly higher than in the previous year (+11.4%). Investments worth EUR 1.18 billion are at record level (+25.8%). The outlook for the business year 2015/16 is positiv. The aim is to continue the improvement of operating results.

June 3, 2015

EANS-General Meeting: voestalpine AG / Invitation to the General Meeting

Invitation to the 23rd Annual General Meeting of the Company, taking place on Wednesday, July 1, 2015 at 10:00 a.m. in the Design Center Linz, Europaplatz 1, A-4020 Linz.

June 3, 2015

voestalpine AG / voestalpine with boost in earnings at slightly higher revenues

Voestalpine, while showing slightly higher revenues, was able to significantly increase earnings in all categories in an economic environment, which was characterized by strong growth in North-America, a development in China, which was better than originally predicted, recessionary tendencies in Brazil and recently clearly improved optimism in Europe.

June 3, 2015

voestalpine AG / Report of the Management Board of voestalpine AG in accordance with § 171 (1) in conjunction with § 153 (4) Austrian Joint StockCorporation Act [AktG]

In accordance with § 169 Austrian Joint Stock Corporation Act [AktG] the general meeting of shareholders of voestalpine AG held on July 2, 2014 authorized the Management Board to increase the company's capital up to EUR 31,330,923.02 on or before June 30, 2019, if necessary in several tranches, by issuing up to 17,244,916 bearer shares, in exchange for contributions in kind and/or cash contributions under exclusion of the subscription rights of shareholders to be made available to employees, executives and members of the Management Board of the company or a company affiliated with the company, under an employee shareholding scheme.

March 9, 2015

voestalpine AG / voestalpine resolves to increase registered capital by 1.45% in order to further expand employee shareholding scheme

Subject to the approval of the Supervisory Board, voestalpine AG's Management Board resolved on March 9, 2015 to exercise its power to increase the Company's registered capital in accordance with § 4 (2b) of its Articles of Association by issuing 2,500,000 new bearer shares at no par value, thus increasing the registered capital by approximately 1.45%.

March 9, 2015

Voestalpine Reports Increase in Earnings in 9 Months

Although the development of the global economy was very inconsistent in 2014 and, after a relatively optimistic start, was marked by an increasingly sober mood from the summer months onward, the steel-based technology and capital goods group Voestalpine reported a significant increase in earnings in the first three quarters of the business year 2014/15 (April 1 to December 31, 2014).

February 10, 2015

voestalpine AG /voestalpine, at stable sales revenues, increases

The Group was able to increase earnings in all reporting categories significantly, where only a part is stemming from positive one-off effects from portfolio optimization measures.

February 10, 2015

Voestalpine Buys Italian Drawn Wire Producer

Voestalpine is expanding its activities in the drawn wire business segment and has completed its acquisition of Italian company Trafilerie Industriali S.p.A. based in Nervesa della Battaglia (Treviso). The acquisition of this Italian manufacturer of special wires brings additional strength to the Voestalpine product portfolio of drawn wire for the automotive industry.

January 12, 2015
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