At today’s meeting of the voestalpine AG Supervisory Board, the unanimous vote ushered in a changing of the guard on the Management Board and set the course for a more efficient Group structure. The Automotive and Profilform divisions, which had been managed separately, will be merged to form a single division. This step is accompanied by a change in the Management Board that was preceded by a lengthy period of preparation. Herbert Eibensteiner will take over as head of the new division, succeeding Wolfgang Spreitzer (head of the Profilform Division) and Franz Hirschmanner (head of the Automotive Division).
The voestalpine Group is responding quickly to the changing market situation. A syndicated loan of EUR 800 million in two tranches has been agreed in order to safeguard medium and long-term financing.
Compared to the first half of the previous year, the voestalpine Group achieved significant increases during the first six months of the current business year, both in revenue and in all reporting categories. Revenue rose by 15.1% from EUR 5,191.8 million in the previous year to EUR 5,977.7 million.