Austria's Voestalpine posts bigger than expected drop in yearly revenue

Voestalpine AG

04/06/2025 06:39

June 4 (Reuters) - Austrian speciality steelmaker Voestalpine VOES.VI reported lower full-year revenue on Wednesday, below market expectations, weighed down by a difficult economic environment and its reorganization measures.

Revenue for the group's 2024/25 financial year was 15.7 billion euros ($17.84 billion), down from 16.68 billion in the prior year. Analysts polled by LSEG had expected it to fall to 15.85 billion euros on average.

($1 = 0.8799 euros)

 (Reporting by Bernadette Hogg and Isabel Demetz in Gdansk, editing by Milla Nissi-Prussak)

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