The price fall has moderated somewhat, but has continued to be negative. As a result, the group’s revenue was down by 5.4% to €2.64bn which brought the H1 number to €5.41bn, a fall of 6.5%. However, Voestalpine’s operating earnings stabilised somewhat in Q2 (EBITDA: +1.6% to €371m) whereas it was still down by 21% to €705m in H1. We had expected H1 numbers of €5.49bn and €690m, respectively. For the full-year, management now expects EBITDA to come in
09 Nov 2016
Prices have not really stabilised in Q2 16/17
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Prices have not really stabilised in Q2 16/17
voestalpine AG (VOE:WBO) | 0 0 0.0% | Mkt Cap: 8,355m
- Published:
09 Nov 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
The price fall has moderated somewhat, but has continued to be negative. As a result, the group’s revenue was down by 5.4% to €2.64bn which brought the H1 number to €5.41bn, a fall of 6.5%. However, Voestalpine’s operating earnings stabilised somewhat in Q2 (EBITDA: +1.6% to €371m) whereas it was still down by 21% to €705m in H1. We had expected H1 numbers of €5.49bn and €690m, respectively. For the full-year, management now expects EBITDA to come in