While the economic momentum at the start of the voestalpine Group’s business year 2018/19 was solid, the economic climate began to cloud over a bit in the second quarter, especially in the light of growing trade conflicts worldwide.
With an EBITDA of EUR 860.1 million and an EBIT of EUR 479.5 million, the preliminary figures of the voestalpine Group for the first half of the business year 2018/19 are below the expectations of the market. Against this backdrop and due to the fact that the assumption made in the last outlook that the negative earnings effects of the blast furnace repairs (amounting to around EUR 150 million) can largely be offset is unlikely to occur, the Management Board of voestalpine AG today adjusted the outlook for the business year 2018/19 and from today’s point of view expects an EBIT of just under EUR 1 billion.
In early December the world’s first fully-electric international single-seater category in motorsport, the ABB FIA Formula E Championship, starts what is now its fifth racing season and brings groundbreaking innovations for both fans and drivers. In addition to a more efficient race car, more teams, and new circuits during the 2018/19 season the 22 drivers will also be competing in the voestalpine European Races for the first time. This will offer the eleven Formula E teams the opportunity to fight for another prestigious award in a totally new competition category. In the contest to be named winner of the voestalpine European Races, action-packed high-speed manoeuvres are certain to be on the cards during the five European E-Prix in Rome, Paris, Berlin, Monaco and Bern. During the Formula E official pre-season test in Valencia, Spain, from October 16 - 19, the teams will be making their first public debut ahead of preparations for the start of the season.