Voestalpine posts improved results for H1 FY 2011-12

In the first half (ended September 30) of the financial year 2011-12, Austrian steelmaker voestalpine AG increased its revenues by 15.1 percent year on year to about €5.9 billion.
 
In the first half of FY 2011-2012, voestalpine's EBITDA rose by 16 percent year on year to €824 million, which is equivalent to an EBITDA margin increase from eight percent to 8.9 percent. Net income of the company in the given period came to €346 million, up by 39 percent compared to the same period of the previous year.
 
Voestalpine stated that crude steel production in the first six months of FY 2011-12 amounted to 3.95 million mt, up 5.4 percent compared to the corresponding period of the previous year.
 
During the given period, the investments of voestalpine Group amounted to €227.4 million. This represents a rise in investment expenditure by 34.4 percent compared to the figure in the corresponding period of last year of €169.2 million, which was lower due to the economic crisis.