on Voestalpine AG (isin : AT0000937503)
Voestalpine Reports Positive Q1 2024/25 Performance in Challenging Market
Voestalpine AG announced a solid performance and a significant rise in operating cash flow for Q1 2024/25, despite unfavorable market conditions. Revenue slightly decreased year-on-year to EUR 4.1 billion from EUR 4.4 billion. EBITDA dropped to EUR 417 million, affected by one-off negative impacts.
Operating cash flow saw a substantial increase to EUR 215 million, up from EUR 10 million. Debt increased by 6.3% to EUR 1.8 billion. The number of employees rose marginally to 51,400.
The company remains optimistic about its "greentec steel" initiatives, maintaining its schedule and budget for CO2 reduction projects. Despite ongoing challenges, the overall outlook for 2024/25 remains cautiously positive.
R. E.
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