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Germany and the Netherlands have gained rights to substantial steel export quotas to the US from Jan. 1, 2022, after the US ends its current regime of Section 232 import tariffs on steel from the EU under a bilateral deal, according to documents posted on the US Department of Commerce website. Sweden and Austria’s quotas ...
voestalpine triples operating result for Q1 2021/22 and raises outlook for current business year Revenue for Q1 2021/22 rises 45.6% year over year to EUR 3.5 billion (Q1 2020/21: EUR 2.4 billion) At EUR 540 million, EBITDA more than triples, soaring by 242% At EUR 340 million, EBIT clearly positive again (Q1 2020/21: EUR -49 million) Profit before tax is EUR 319 million (Q1 2020/21: EUR -74 million), and profit after tax is EUR 259 million (Q1 2020/21: EUR -70 million) Gearing ratio falls year over year, from 71...
voestalpine triples operating result for Q1 2021/22 and raises outlook for current business year Revenue for Q1 2021/22 rises 45.6% year over year to EUR 3.5 billion (Q1 2020/21: EUR 2.4 billion) At EUR 540 million, EBITDA more than triples, soaring by 242% At EUR 340 million, EBIT clearly positive again (Q1 2020/21: EUR -49 million) Profit before tax is EUR 319 million (Q1 2020/21: EUR -74 million), and profit after tax is EUR 259 million (Q1 2020/21: EUR -70 million) Gearing ratio falls year over year, from 71...
14.02.2021 voestalpine: Revenues of Austrian steel an technology company voestalpine as of the third quarter of the business year 2020/21 fell by 16.8% year over year, from Euro 9.6 bn to Euro 8 bn; given the continual improvement in order levels over the reporting period, revenue for the third business quarter is but slightly lower year over year. EBIT dropped from Euro –82 mn to Euro –134 mn; the numbers for both the previous year and the reporting period contain significant non-recurring effects. These non-recurring effects in the amount of about Euro 200 mn adversely affected EBIT for...