Austria's voestalpine H1 revenue flat; narrows FY26 EBITDA outlook

Voestalpine AG

Wed 06:41

Overview
Austria steel and technology group's H1 revenue flat yr/yr at EUR 7.7 bln
H1 EBITDA up 17% and EBIT up 36%, both boosted by one-off effects
Company narrows full-yr EBITDA outlook to EUR 1.6-1.7 bln on higher costs

Outlook
voestalpine now sees 2026/27 EBITDA between EUR 1.6 bln and EUR 1.7 bln
Company expects 2026/27 EBIT of EUR 830 mln to EUR 930 mln
Company cites higher energy, logistics costs and U.S. duties as weighing on H2 earnings potential

Result Drivers
RAILWAY SYSTEMS - Co said continued infrastructure and international railway projects supported segment growth
AEROSPACE DEMAND - Co said strong demand for aerospace products in Europe and North America drove segment performance
ONE-OFF EFFECTS - Co said earnings benefited from one-off effects, mainly from sale of voestalpine BÖHLER Profil

Company press release: ID:nEQc0SRnRa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
EUR 7.70 bln
 
H1 Net Income
 
EUR 290 mln
 
H1 EBIT
 
EUR 470 mln
 
H1 EBITDA
 
EUR 846 mln
 
H1 Pretax Profit
 
EUR 408 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 5 "hold" and no "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 €52.00, about 25.1% above its November 10 closing price of €41.56

Reuters Recommended Reads
Nov 10 - Italian steelmakers halting production due to high energy costs, industry group says
Nov 10 - China's iron ore imports at five-month low as thin margins dent appetite
Nov 10 - Ampco-Pittsburgh swings to Q3 profit

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.)