voestalpine significantly improves result in the first quarter of 2014/15
“Despite ongoing inconsistent economic trends in the most important economic regions worldwide, the voestalpine Group’s results in the first quarter of the business year 2014/15 continued to be solid,” says Wolfgang Eder, CEO and Chairman of the Management Board of voestalpine AG. In a year-to-year comparison, the technology and capital goods group succeeded in maintaining the revenue in the first quarter (April 1 – June 30, 2014) at a practically constant level (EUR 2.83 billion). The slight decline by 2.4% in comparison to the previous year (EUR 2.9 billion) is largely due to lower pre-material costs and structural changes within the Metal Engineering Division (closure of standard rail production in Duisburg). The development of revenue in the other divisions was mostly stable, although the Steel Division and the Special Steel Division faced slightly lower revenue due to the generally deflationary market environment (falling raw materials costs); the Metal Forming Division, on the other hand, saw slightly higher revenue.