Carbon Steel, High Performance Metals and Metal Engineering all generated higher prices than in the previous two quarters and the increase rate was higher than before. However, all three divisions saw their Q3 volumes fall by between 0.4% and 16% compared to last year. This was one of the reasons for collapsing earnings. In addition, impairment charges of €345m burdened the group’s EBIT.
06 Feb 2020
Prices have recovered in 3Q19/20, but volumes collapsed
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Prices have recovered in 3Q19/20, but volumes collapsed
voestalpine AG (VOE:WBO) | 0 0 0.0% | Mkt Cap: 8,355m
- Published:
06 Feb 2020 -
Author:
Hans-Peter Wodniok -
Pages:
3
Carbon Steel, High Performance Metals and Metal Engineering all generated higher prices than in the previous two quarters and the increase rate was higher than before. However, all three divisions saw their Q3 volumes fall by between 0.4% and 16% compared to last year. This was one of the reasons for collapsing earnings. In addition, impairment charges of €345m burdened the group’s EBIT.