Voestalpine Edelstahl GmbH, which acquired PM high alloy steel producer Böghler Uddeholm AG in 2007, reports that revenue in the first quarter of the business year 2012/13 was €3,051 million (as of June 30, 2012), practically the same level as it was in the company’s strong first quarter of the previous year (€ 3,052 million).
This is primarily the result of a new record for quarterly revenue set by the Metal Engineering Division, while the three other divisions experienced slight declines.
At € 12.1 billion, the Voestalpine Group generated the highest revenue in the company’s history during the business year 2011/12 (April 1, 2011 to March 31, 2012), thus exceeding revenue for the previous year (€10.95 billion) by 10.1%.
“The consistent level of revenue year to year makes it abundantly clear that the broad-based regional and sectoral set-up of the Voestalpine Group enables it to maintain a largely stable level of revenue even in economically difficult periods,“ stated Wolfgang Eder, CEO of Voestalpine AG.
Posted by: Paul Whittaker, Editor ipmd.net, [email protected]