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VOE Voestalpine AG News Story

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Voestalpine reports 32% drop in third quarter core earnings

Feb 12 (Reuters) - Austrian steelmaker Voestalpine
 VOES.VI  reported a 32% year-on-year drop in its third quarter
core earnings on Wednesday, slightly below market expectations.
    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 in a Vara
Research poll.
($1 = 0.9656 euros)

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

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