voestalpine delivers positive operating result (EBITDA) for the first half of the business year 2020/21 despite the economic crisis triggered by COVID-19

The financial key performance indicators (KPIs) of the voestalpine Group for the first half of the business year 2020/21 were shaped entirely by the COVID-19 pandemic. While the business year’s first quarter was characterized by the massive meltdown in demand in almost all customer segments and regions, the second quarter saw a considerable rebound in major sectors. Particularly the European and the U.S. automotive industry but also the consumer goods and construction industry quickly regained their momentum following the lockdown measures that had been imposed in the spring. Thanks to rising demand for high quality steel products, in September voestalpine thus was able to restart the small blast furnace in Linz, Austria, that it had shut down temporarily. In regional terms, the Group’s plants in China returned the fastest (i.e., during the business year’s first quarter already) to pre-crisis levels of production capacity utilization. The situation in the aerospace as well as the oil and natural gas segments, which are hit especially hard by the ramifications of the pandemic, remained as difficult as before. The technology segments railway systems and storage systems continued to develop along a solid trajectory in this highly challenging environment.

Read more at voestalpine delivers positive operating result (EBITDA) for the first half of the business year 2020/21 despite the economic crisis triggered by COVID-19.

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