Steelmaker Voestalpine posts 32% drop in third quarter core earnings (updated)

Voestalpine AG

12/02/2025 06:57

(Adds outlook in paragraphs 1, 3-4)
       Feb 12 (Reuters) - Austrian steelmaker Voestalpine
 VOES.VI  reported a 32% year-on-year drop in its third quarter
core earnings, slightly below market expectations, and cut its
full-year outlook for the metric on Wednesday.
    The supplier for the automotive industry recorded earnings
before interest, taxes, depreciation and amortization (EBITDA)
of 250.3 million euros ($259.2 million) for the third quarter,
against analysts' mean estimate of 258.8 million euros in a Vara
Research poll.
    The Linz-based company also lowered its annual EBITDA
guidance to around 1.3 billion euros for the 2024/25 financial
year, compared with around 1.4 billion euros it had previously
expected. 
    Voestalpine sees no recovery for the construction,
mechanical engineering, consumer goods and automotive sectors in
the fourth quarter, aside from restocking in individual
segments, it said in the press release. 
($1 = 0.9656 euros)

 (Reporting by Marleen Kaesebier in Gdansk; editing by Milla
Nissi)
 ((mailto:marleen.kaesebier@thomsonreuters.com;))