The voestalpine operating result (EBITDA) for the current business year (2020/21) appears to be developing positively. Due to current improvements in the macroeconomic environment, assuming no further restrictions such as COVID-19 lockdowns ordered by the government and the uncertainty they generate, the Management Board currently expects an EBITDA of between EUR 800 million to EUR 1 billion. In June the forecast EBITDA was between EUR 600 million and EUR 1 billion.
“We have succeeded in adapting to this completely new situation very quickly over the past few months. Our focus remains on measures including consistently managing costs and working capital as well as generating cashflow in order to stabilize results. Irrespective of these measures, over the next few months the situation for the entire voestalpine Group remains highly uncertain,” says Eibensteiner.