voestalpine : Q1 results slightly softer than expected, 2024-25 guidance already adjusted toward the lower end
>Steel business supports Q1 results - Voestalpine just reported its Q1 2024-25 results (to end-June) with EBITDA at € 417m up 5% q-o-q but 10% below the VARA consensus at € 452m and 11% below our ODDO BHF estimates at € 466m. Excluding € 28m of further write-downs on Bederus (ahead of its scheduled disposal), EBITDA would have come in at € 445m i.e. just 3% below consensus estimates. The Steel division was up 32% q-o-q at € 230m as the core auto market has remained su...voestalpine is engaged in the production, processing, and distribution of materials made of steel and in research and development in the areas of metallurgy, metal processing, and materials technology. Co.'s steel division focuses on the production and processing of flat steel products. Co.'s special steel division is involve in tool steel and high-speed steel. Co.'s metal engineering division is engaged in turnout technology, rails and treated wire, and tubes. Co.'s metal forming division is involve in tube products and precision strip steel as well as pre-finished system components. Co.'s other activities include heavy plate production, a foundry, and a number of downstream processes.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.