Austrian steelmaker voestalpine AG has announced its financial results for the financial year 2017-18 ended March 31.
Accordingly, voestalpine's net profit in the given year increased to €818 million, up 55.2 percent compared to the previous financial year. The revenues of the company amounted to €12.89 billion, up 14.2 percent year on year. In the given period, the company's EBITDA was €1.95 billion, increasing by 26.8 percent year on year, while the adjusted EBITDA margin rose to 15.2 percent from 13.6 percent recorded in the previous year.
The company stated that, with the excellent economic environment which continued into the first quarter of the financial year 2018-19, it expects that the strong development of the most important markets will continue unabated, at least through the fall of the current year. However, the planned repairs of the large blast furnace in Linz will have an impact on the results of the year 2018-19, especially those of the second quarter.