The group continued generating rising carbon steel and special steel prices in the last quarter. However, as shipments were down, consolidated revenue fell by 4% to slightly less than €2.6bn and the 9M revenue is up by only 1.5% to €8.38bn. This has also taken its toll on quarterly EBITDA which fell by 5% to €315m but is up by 11% to just above €1.2bn through to December. Both revenue and EBITDA numbers are below our projected €8.56bn and €1.23bn, respectively.
10 Feb 2016
9M 2015/16 numbers almost matched our projections
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9M 2015/16 numbers almost matched our projections
voestalpine AG (VOE:WBO) | 0 0 0.0% | Mkt Cap: 8,355m
- Published:
10 Feb 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
The group continued generating rising carbon steel and special steel prices in the last quarter. However, as shipments were down, consolidated revenue fell by 4% to slightly less than €2.6bn and the 9M revenue is up by only 1.5% to €8.38bn. This has also taken its toll on quarterly EBITDA which fell by 5% to €315m but is up by 11% to just above €1.2bn through to December. Both revenue and EBITDA numbers are below our projected €8.56bn and €1.23bn, respectively.