Voestalpine posts better than expected full-year profit [Reuters]
VOESTALPINE AG UNSP/ADR (VLPNY)
NASDAQ:AMEX Investor Relations:
voestalpine.com/group/en/investors
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Source: Reuters
Voestalpine said full-year net profit came in at 32 million euros ($38.97 million), up from a net loss of 216.5 million euros last year, and above an analysts' forecast of a 56 million euro net loss. Earnings before interest, tax, depreciation and amortisation (EBITDA) came in at 1.1 billion, down 4% year-on-year, but above the upper end of the full-year forecast Voestalpine had given in the previous quarter. ($1 = 0.8211 euros) (Reporting by Riham Alkousaa Editing by Madeline Chambers)
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