In fact, as some of these costs (see below) were not tax deductible, Voestalpine suffered a net loss of €56m after minorities in the last quarter.
The group’s revenue increased by 5% to €9.95bn in the 9M18 and EBITDA fell by 22% to just above €1.1bn. Our projections had been €9.85bn and €1.16bn, respectively. As a result of a much higher than anticipated tax rate, net earnings fell by 53% to €247m whereas we had anticipated €325m.
07 Feb 2019
Prices continued rising strongly, but costs even more so
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Prices continued rising strongly, but costs even more so
voestalpine AG (VOE:WBO) | 0 0 0.0% | Mkt Cap: 8,355m
- Published:
07 Feb 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
In fact, as some of these costs (see below) were not tax deductible, Voestalpine suffered a net loss of €56m after minorities in the last quarter.
The group’s revenue increased by 5% to €9.95bn in the 9M18 and EBITDA fell by 22% to just above €1.1bn. Our projections had been €9.85bn and €1.16bn, respectively. As a result of a much higher than anticipated tax rate, net earnings fell by 53% to €247m whereas we had anticipated €325m.