Austrian steelmaker voestalpine AG has announced its financial results for the first nine months ended December 31 of the fiscal year 2013-14.
Accordingly, voestalpine's net profit in the first nine months decreased by 4.8 percent to €352 million, compared to the same period of the previous year. The revenues of the company decreased by 3.1 percent year on year to €8.7 billion.
In the given period, the company's EBITDA stood at €1.01 billion, slightly below €1.04 billion in the same period of the previous year, which is equivalent to an EBITDA margin of 12 percent, remaining unchanged year on year.
According to voestalpine's statement, the development of the company should continue at a stable level during the second half of the financial year 2013/14. This means solidly full capacity utilization, however, at price levels that continue to be subdued for the steel division, and almost full capacity utilization at slightly more volatile prices for the special steel division.
