Voestalpine was able to increase its prices faster in the last quarter than in Q1 18/19, but the delivery volume of Carbon Steel fell. This resulted in a Q2 consolidated revenue increase of 5% to €3.21bn, whereas EBITDA was down by 24% to €347m and net earnings by 48% to €84m. We had expected a slightly lower revenue number but clearly higher profits.
07 Nov 2018
ASPs sharply up, profits sharply down in Q2
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ASPs sharply up, profits sharply down in Q2
voestalpine AG (VOE:WBO) | 0 0 0.0% | Mkt Cap: 8,355m
- Published:
07 Nov 2018 -
Author:
Hans-Peter Wodniok -
Pages:
3
Voestalpine was able to increase its prices faster in the last quarter than in Q1 18/19, but the delivery volume of Carbon Steel fell. This resulted in a Q2 consolidated revenue increase of 5% to €3.21bn, whereas EBITDA was down by 24% to €347m and net earnings by 48% to €84m. We had expected a slightly lower revenue number but clearly higher profits.