voestalpine : Q2 2024-25 earnings fall as expected, FCF guidance somewhat supportive
>Steel and Metal Engineering strength offset by weak HPM and Metal Forming - Voestalpine just reported its Q2 2024-25 results (to end-September), with EBITDA at € 301m, in line with the € 300m result pre-released on 14 October. As expected, the result was burdened by € 53m of impairments on the tool steel unit Buderus ahead of its scheduled disposal. In a difficult steel environment, the largest Steel division topped expectations, benefiting from its high-end position...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.
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