voestalpine : Q3 2023-24 preview: towards another mixed quarter before a Q4 rebound
>Towards a relatively soft Q3 due to Steel and HPM - Voestalpine is due to publish its Q3 results on 7 February (year to end-December). In our view, the quarter should be relatively weak in line with the previous quarter. In the context of a generalised economic slowdown in Europe, the unfavourable seasonal effect in Q4 (a generally quiet quarter for the group unlike other European players) should be even more pronounced this year. This is notably due to the slowdown ...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.
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