voestalpine AG is seeing the first fruits of its strategy launched in December 2012 for the period up to 2020. The Group’s development, based on innovation-driven differentiation in demanding customer industries and accelerated internationalization in markets outside Europe, is progressing according to plan. Profitability targets remain consistently as planned. The only modification to the core targets is the revenue figures, with the original target of EUR 20 billion in 2020 no longer being realistic in view of the continuing critical global economic framework conditions. According to current planning and assuming an average annual growth rate of five percent, revenue should amount to EUR 15 billion.