Austrian steelmaker voestalpine AG has announced its financial results for the first quarter ended June 30 of the financial year 2018-19.
Accordingly, voestalpine's net profit in the given quarter amounted to €224.4 million, rising by 2.7 percent compared to the first quarter of the previous financial year. The revenues of the company amounted to €3.5 billion, up 6.7 percent year on year, achieving the highest-ever quarterly revenue. In the given period, the company's EBITDA was €513 million, remaining stable year on year, while the EBITDA margin stood at 14.8 percent compared to 15.8 percent in the same period of the previous year.
Wolfgang Eder, chairman of the company, stated that in just about every industrial sector and the most important economic regions, the first quarter of the financial year was characterized by the ongoing strength of the economic environment and nothing should change in this regard in the second quarter either, aside from the usual seasonal effects of summer and the effects on both revenue and results of the blast furnace repairs that are taking place during this period. Though the protectionist measures of the United States with respect to global trade and/or the corresponding retaliatory actions of other countries pose the greatest potential threat to this development, Mr. Eder added.