Shipment and prices (on both the output and input sides) are driving the steel producers’ profits. Whereas Voestalpine’s output prices were reasonably good, all of its divisions suffered volume setbacks. In addition, input prices were up. While consolidated sales fell by 3.8% to €3.34bn, CGS increased by 0.2% or €5m. Consequently, the gross margin fell by 3.2pp to 19.6%.
07 Aug 2019
All divisional profit margins down in Q1
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All divisional profit margins down in Q1
voestalpine AG (VOE:WBO) | 0 0 0.0% | Mkt Cap: 8,355m
- Published:
07 Aug 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
Shipment and prices (on both the output and input sides) are driving the steel producers’ profits. Whereas Voestalpine’s output prices were reasonably good, all of its divisions suffered volume setbacks. In addition, input prices were up. While consolidated sales fell by 3.8% to €3.34bn, CGS increased by 0.2% or €5m. Consequently, the gross margin fell by 3.2pp to 19.6%.