PM High Alloy Steel producer Voestalpine Edelstahl reports on 1st quarter results
August 28, 2012
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]
News | Articles | Market reviews | Search directory | Subscribe to e-newsletter