“Despite ongoing inconsistent economic trends in the most important economic regions worldwide, the Voestalpine Group’s results in the first quarter of the business year 2014/15 continued to be solid,” said Voestalpine CEO and chairman, Wolfgang Eder.
In a year-to-year comparison, the technology and capital goods group maintained revenue in the first quarter (1 April – 30 June 2014) at a practically constant level (EUR2.83bn).
Go deeper with GlobalData
The company says the decline by 2.4% in comparison to the previous year is largely due to lower pre-material costs and structural changes within the Metal Engineering Division – the closure of standard rail production in Duisburg.
The development of revenue in the other divisions was mostly stable, although the Steel Division and the Special Steel Division faced slightly lower revenue due to the generally deflationary market environment (falling raw materials costs).
The Metal Forming Division, on the other hand, saw slightly higher revenue.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
