voestalpine AG - Press Releases https://www.voestalpine.com/group/en/media/press-releases/rss en en voestalpine voestalpine boosts revenue in the 3rd quarter of 2018/19, earnings affected by non-recurring items Thu, 07 Feb 2019 01:02:00 GMT 2019-02-07T01:02:00Z https://www.voestalpine.com/group/en/media/press-releases/2019-02-07-voestalpine-boosts-revenue-in-the-3rd-quarter-of-2018-19-earnings-affected-by-non-recurring-items/ The first half of the business year 2018/19 had started on a solid economic footing for the voestalpine Group, but the business year’s third quarter was already affected by a dampening of economic sentiment overall. For example, by rising prices for raw materials and energy; the first palpable negative effects from the global trade conflicts; and not least the growing escalation of the conflict surrounding Great Britain’s exit from the EU.

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Countdown to the “voestalpine European Races” starts in Linz with Formula E driver Maximilian Günther Fri, 01 Feb 2019 05:02:00 GMT 2019-02-01T05:02:00Z https://www.voestalpine.com/group/en/media/press-releases/2019-02-01-countdown-to-the-voestalpine-european-races-starts-in-linz-with-formula-e-driver-maximilian-guenther/ With three exciting races outside Europe, the 2018/19 season of the ABB FIA Formula E Championship has already started. The official countdown to the “voestalpine European Races” has now begun, with a pit stop at the voestalpine Stahlwelt in Linz. During the warm-up at the Group’s headquarters, Formula E driver Maximilian Günther, currently one of the greatest talents in motorsport with Austrian roots, and voestalpine CEO Wolfgang Eder together revealed voestalpine’s brand new FIA Formula E Gen2 car. voestalpine supplies all premium automotive manufacturers with high-quality electrical steel and components for e-motors as well as ultralight body parts from its site in Linz.

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Adhoc-news: voestalpine below market expectation in the third business quarter due to special items, adjustment of earnings expectation for business year 2018/19 Wed, 16 Jan 2019 21:01:971 GMT 2019-01-16T21:01:971Z https://www.voestalpine.com/group/en/media/press-releases/2018-01-16-adhoc-news/ The preliminary earnings figures for the first nine months of the business year 2018/19 with an EBITDA of around EUR 1.1 billion and an EBIT of around EUR 525 million are below market expectations.

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voestalpine AG: Hubert Zajicek is appointed to the Management Board of voestalpine AG, and succeeds Herbert Eibensteiner as Head of the Steel Division as of July 3, 2019 Tue, 18 Dec 2018 10:12:266 GMT 2018-12-18T10:12:266Z https://www.voestalpine.com/group/en/media/press-releases/2018-12-18-voestalpine-ag-hubert-zajicek-is-appointed-to-the-management-board-of-voestalpine-ag-and-succeeds-herbert-eibensteiner-as-head-of-the-steel-division-as-of-july-3-2019/ In its meeting today the Supervisory Board of voestalpine AG decided on the future leadership of the Steel Division: on July 3, 2019, Hubert Zajicek will succeed Herbert Eibensteiner as Head of the largest Group division in terms of revenue; in turn, Herbert Eibensteiner will take over from Wolfgang Eder as CEO of voestalpine AG on that date. As a result, Zajicek, from Upper Austria, the Steel Division’s Management Board member responsible for Technology since 2014, will also become one of the six members of the Management Board of voestalpine AG. Zajicek’s appointment runs from July 3, 2019 to March 31, 2024. Based in Linz and specialized in the manufacture of premium steel grades and high-tech products, the Steel Division generated revenue of EUR 4.8 billion in the past business year, with a workforce of around 11,000 employees.

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voestalpine joins Formula E on the starting line for the first time Wed, 05 Dec 2018 09:12:436 GMT 2018-12-05T09:12:436Z https://www.voestalpine.com/group/en/media/press-releases/2018-12-05-voestalpine-joins-formula-e-on-the-starting-line-for-the-first-time/ This coming season marks the start of Austrian technology group voestalpine’s partnership with the ABB FIA Formula E Championship, the emerging and already highly successful fully-electric street racing series. voestalpine will lend its name to the races that will take place in Europe, which will form part of the “voestalpine European Races”.

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voestalpine continues to expand employee shareholding scheme—increase to 14.85% Mon, 03 Dec 2018 11:12:213 GMT 2018-12-03T11:12:213Z https://www.voestalpine.com/group/en/media/press-releases/2018-12-03-voestalpine-continues-to-expand-employee-shareholding-scheme-increase-to-14-85-percent/ For years the voestalpine employee shareholding scheme has been regarded as exemplary model throughout Europe. Developed in 2000, the scheme allows employees to participate directly in the success of the company via a foundation, at the same time safeguarding the Group’s stable ownership structure. The voestalpine AG Management Board resolved today to increase the company’s registered capital by around 1.25% in order to further expand the employee shareholding scheme. Immediately upon completion of the capital increase, the share of voestalpine Mitarbeiterbeteiligung Privatstiftung will increase to a total of 14.85%.

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voestalpine boosts aerospace business with startup of new high-tech forge in Kapfenberg Fri, 23 Nov 2018 02:11:00 GMT 2018-11-23T02:11:00Z https://www.voestalpine.com/group/en/media/press-releases/2018-11-23-voestalpine-boosts-aerospace-business-with-startup-of-new-high-tech-forge-in-kapfenberg/ By 2021* voestalpine will have invested around half a billion euros in technology development and digital transformation at the site in Kapfenberg. Now three major new facilities have successfully gone into operation. The highlight is a EUR 40 million forging line enabling materials for highly stressed, rotating aircraft turbine components to be manufactured for the first time; it also expands the portfolio of steel grades for the automotive and oil & gas industry. The run-up phases for a production facility for metal powder used in 3D printing and a state-of-the-art chemical laboratory were also completed at almost the same time. Work on constructing the new special steel plant is progressing rapidly.

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voestalpine delivers record revenue in the first half of the business year 2018/19—but earnings are impacted by special effects Wed, 07 Nov 2018 06:11:00 GMT 2018-11-07T06:11:00Z https://www.voestalpine.com/group/en/media/press-releases/2018-11-07-voestalpine-delivers-record-revenue-in-the-first-half-of-the-business-year-2018-19-but-earnings-are-impacted-by-special-effects/ 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.

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Ad-hoc News: voestalpine with second quarter below market expectation, adjustment of earnings expectations for business year 2018/19 Wed, 24 Oct 2018 10:10:824 GMT 2018-10-24T10:10:824Z https://www.voestalpine.com/group/en/media/press-releases/2018-10-24-adhoc-news-00001/ 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.

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Formula E pre-season testing in Valencia – green light for the voestalpine European Races Fri, 19 Oct 2018 03:10:00 GMT 2018-10-19T03:10:00Z https://www.voestalpine.com/group/en/media/press-releases/2018-10-19-formula-e-pre-season-testing-in-valencia-green-light-for-the-voestalpine-european-races/ 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.

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