The Group is investing in new locations and acquisitions, along with the technological expansion of existing plants and in extending the value creation chain consistently, all the way to the end consumer. Over the long term, this approach will safeguard the top positions held in Europe and the locations in Austria Group Strategy 2020 was officially approved by the Supervisory Board yesterday following an intensive internal development process.
With the targeted EUR 20 billion in revenue, a targeted average EBITDA margin of 14%, and an EBIT margin of 9%, the voestalpine Group intends to continue resolutely on the path of increasing value through growth, a path that it struck with tremendous success since it became listed on the stock exchange in 1995. “Companies that remain successful over a long period of time are those that set themselves apart through technology, quality, and specialization. We will push this focus even more in the run-up to 2020. In other words, we will make every effort to continue expanding our leading position in regard to market, technology, quality, and earnings. In comparison to the conventional steel sector, we will further increase the processing segment, and we will advance our focus on growth industries - like mobility and energy - and on globalization,” says Wolfgang Eder, Chairman of the Management Board and CEO of voestalpine AG. Since the 2001/02 business year, the Group’s average growth rate equaled 13.5% per year. The target level of EUR 20 billion by 2020 would mean an average growth rate of 5.7% per year; nonetheless, achieving this growth rate is contingent upon the global economic trend returning to normal.