The search for a buyer for the German company Buderus Edelstahl – a permanent loss-maker in recent years – and the weak market development in Europe are weighing on voestalpine. The Linz-based steel and technology group expects negative one-time effects of around 50 million euros for the second financial quarter of 2024/25. voestalpine announced this on Monday.
Earnings before interest, taxes, depreciation and amortization (Ebitda) are expected to be around 720 million euros in the first half of 2024/25, and operating profit (EBIT) is expected to be 340 million euros. voestalpine will announce the final half-year results on November 13th. For the full year 2024/25, the board led by CEO Herbert Eibensteiner expects Ebitda of around 1.4 billion euros.
For comparison: In the first half of 2023/24, Ebitda was 915 million euros, while the group’s EBIT was 531 million euros. For the full year 2023/24, Ebitda was 1.7 billion euros.
voestalpine recently had sales of 16.7 billion euros with 51,600 employees.
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