Austria's voestalpine FY profit more than doubles, helped by reorganization

Voestalpine AG

03/06/2026 06:43

Overview
Austria steel and technology group's FY 2025/26 revenue fell 4%, while EBITDA and EBIT rose
Net income for FY 2025/26 more than doubled year-on-year
Company cites robust strategy, reorganization, and strong orders as drivers of improved earnings

Outlook
Voestalpine expects 2026/27 EBITDA between EUR 1.60 bln and EUR 1.85 bln
Company sees continued impact from geopolitical and economic uncertainties in 2026/27
Steel Division expected to benefit from EU carbon and import measures in 2026/27

Result Drivers
SEGMENT PERFORMANCE - Positive demand in railway systems, aerospace, and warehouse technology supported results, while construction, mechanical engineering, and consumer goods remained weak
RESTRUCTURING IMPACT - Improved earnings in High Performance Metals and Metal Forming divisions driven by restructuring and absence of prior-year one-off effects
U.S. TARIFFS - 50% U.S. steel tariffs had a significant negative impact on earnings, especially in seamless tube business

Company press release: ID:nEQ3wrJw6a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
 
EUR 15.10 bln
 
FY Net Income
 
EUR 424 mln
 
FY EBIT
 
EUR 724 mln
 
FY EBITDA
 
EUR 1.50 bln
 
FY Pretax Profit
 
EUR 587 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the iron & steel peer group is "buy."
Wall Street's median 12-month price target for voestalpine AG is €46.50, about 1.6% above its June 2 closing price of €45.76
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)