voestalpine with 2Q2018 results is below market expectation

With an EBITDA of EUR 860.1 million and an EBIT of EUR 479.5 million, the preliminary figures of the voestalpine Group for the first half of the business year 2018/19 are below the expectations of the market. Against this backdrop and due to the fact that the assumption made in the last outlook that the negative earnings effects of the blast furnace repairs (amounting to around EUR 150 million) can largely be offset is unlikely to occur, the Management Board of voestalpine AG  adjusted the outlook for the business year 2018/19 and from today’s point of view expects an EBIT of just under EUR 1 billion.

Read more at Ad-hoc News: voestalpine with second quarter below market expectation, adjustment of earnings expectations for business year 2018/19.

 

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