Austrian steelmaker Voestalpine increased net profit by 46.1% year on year to €290 million in the first half of fiscal 2026–27. The company lowered the upper end of its full-year EBITDA forecast, citing rising costs and temporary US tariffs.
Revenue for April–September grew 0.8% to €7.7 billion, EBITDA rose 17.1% to €846 million, and operating profit climbed 36% to €470 million. Voestalpine said earnings benefited from cost-cutting and efficiency programs, as well as approximately €100 million in net one-off effects in its High Performance Metals Division, particularly from the sale of voestalpine BÖHLER Profil.
The company now expects full-year EBITDA of €1.6–1.7 billion, compared with its previous forecast of €1.6–1.85 billion. It kept the lower end unchanged. Voestalpine expects second-half earnings to be affected by higher energy and logistics costs linked to the prolonged conflict in the Middle East, delays to energy projects, logistical challenges and additional temporary US tariffs.
Construction of electric arc furnaces in Linz and Donawitz under the greentec steel program remains on schedule and within budget. The furnaces are expected to start operating in the first half of 2027. Main equipment has arrived and installation is under way.
There are no comments yet.