Voestalpine AG - the largest Austrian metallurgical company, announced its financial results in the first half of the 2013 - 2014 financial year graduated on September 30 of this year. The company's net profit fell by 10.9 percent compared to the APP and amounted to 240 million euros. This is partly due to higher tax rates in 2013.
Voestalpine revenue decreased by 3.5 percent to 5 billion 720 million euros, EBITDA fell to 687 million euros after 725 million last year. Profitability was reduced to 12 percent from 12.2 percent in the APP. The volume of capital investments increased by 44 percent, to 434 million euros.
Voestalpine expects a slow restoration of the economy in Europe in the coming months and a more dynamic growth in indicators in the first half of 2014. The company's analysts predict the rise in the US economy, while China GDP growth limits 7 percent.
Voestalpine production volumes will remain stable, and a small increase in demand is expected for the first quarter of 2014, the company’s press release said.
Voestalpine does not see the grounds for the strong growth of the EU economy
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Azovpromstal® 6 November 2013 г. 16:51 |
