voestalpine : Soft Q3 underlying performance ex one-offs, FY guidance confirmed
>Q3 in line but boosted by one-offs, underlying performance subdued - Voestalpine just reported its Q3 2023-24 results (to end-December) with EBITDA down 10% vs Q2 at € 368m, in line with the consensus estimates (€ 367m) and slightly ahead of our estimates (€ 363m). The performance was however boosted by € 44m of one-offs (mainly government energy subsidies) without which EBITDA would have been down 21% at its lowest level since late 2020. The Steel division was the m...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.