voestalpine 4Q 19/20 Conference Call Notes
The management did not provide more colour on the assumptions underlying the EBITDA bandwidth of EUR 0.6-1.0 bn and comments on trading conditions remained (understandably) rather vague. However, management comments suggest that the mid-point should be regarded as their base case. This statement bodes well for our estimate of EUR 861 mn. New cost cutting initiatives are in the making but no details have been provided.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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