Voestalpine 1H Rev EUR9.3B [MarketWatch]
VOESTALPINE AG UNSP/ADR (VLPNY)
NASDAQ:AMEX Investor Relations:
voestalpine.com/group/en/investors
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Source: MarketWatch
Corrections & Amplifications This item was corrected at 0645 GMT to reflect Voestalpine's 1H EBIT Margin 9.7%, not 9-Mos EBIT. By Pierre Bertrand Voestalpine AG on Wednesday confirmed its earnings outlook for fiscal 2023 on the back of a rise in first-half earnings, driven by strong demand and high product prices. The Austrian steel-products manufacturer confirmed its guidance for the year ending March 31 of earnings before interest, taxes, depreciation and amortization in the range of 2.3 billion to 2.4 billion euros ($2.32 billion-$2.42 billion), which it had raised in October from its previous guidance of approximately EUR2 billion. After-tax profit for the first six months of the fiscal year rose to EUR715 million from EUR486 million in the prior-year period on sales that grew 37% to EUR9.3 billion. The company said economic sentiment gradually deteriorated over the first half of its business year and that economic forecasts are becoming increasingly pessimistic. It w
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