In the first nine months (ended December 31) of the financial year 2011-12, Austrian steelmaker voestalpine AG increased its revenues by 11.9 percent year on year to about €8.8 billion.
In the first nine months of FY 2011-2012, voestalpine's EBITDA rose slightly to €1.1 billion, equivalent to an EBITDA margin decline from 13.9 percent to 12.6 percent year on year. Net income of the company in the given period came to €411 million, up by 2.8 percent compared to the same period of the previous year.
Voestalpine stated that crude steel production in the first nine months of FY 2011-12 amounted to 5.63 million mt, down 1.4 percent compared to the corresponding period of the previous year.
According to voestalpine's statement, the upward trend in the steel industry is expected to continue during summer 2012. The company forecasts a slightly weaker operating result for the financial year 2011-12 compared to the previous year.