Voestalpine achieves highest-ever quarterly sales revenue in June quarter

Wednesday, 08 August 2018 17:45:34 (GMT+3)   |   Istanbul
       

Austrian steelmaker voestalpine AG has announced its financial results for the first quarter ended June 30 of the financial year 2018-19.

Accordingly, voestalpine's net profit in the given quarter amounted to €224.4 million, rising by 2.7 percent compared to the first quarter of the previous financial year. The revenues of the company amounted to €3.5 billion, up 6.7 percent year on year, achieving the highest-ever quarterly revenue. In the given period, the company's EBITDA was €513 million, remaining stable year on year, while the EBITDA margin stood at 14.8 percent compared to 15.8 percent in the same period of the previous year. 

Wolfgang Eder, chairman of the company, stated that in just about every industrial sector and the most important economic regions, the first quarter of the financial year was characterized by the ongoing strength of the economic environment and nothing should change in this regard in the second quarter either, aside from the usual seasonal effects of summer and the effects on both revenue and results of the blast furnace repairs that are taking place during this period. Though the protectionist measures of the United States with respect to global trade and/or the corresponding retaliatory actions of other countries pose the greatest potential threat to this development, Mr. Eder added.


Similar articles

Voestalpine post net loss for FY 2019-2020, expects post-summer recovery

03 Jun | Steel News

Voestalpine’s earnings falls amid slumping auto industry

07 Aug | Steel News

Voestalpine’s sales revenue hits record high in H1 FY 2018-19

15 Nov | Steel News

Voestalpine’s net profit up 55.2 percent in FY 2017-18

06 Jun | Steel News

Voestalpine records increased net profit in H1 FY 2017-18

08 Nov | Steel News

Voestalpine’s sales revenues up 17.2 percent in Q1 FY 2017-18

10 Aug | Steel News

Voestalpine’s revenues up two percent in FY 2016-17

01 Jun | Steel News

Voestalpine’s revenues down 3.3 percent in April-December

09 Feb | Steel News

Voestalpine sees 44.5 percent drop in net profit in H1 FY 2016-17

09 Nov | Steel News

Voestalpine registers decrease in net profit in June quarter

09 Aug | Steel News