Voestalpine is still completely unimpressed by the crisis mood in some sectors: The steel and technology group operating from Linz (Upper Austria) increased its turnover to 13.6 billion euros in the first three quarters of the 2022/23 financial year . Profit after tax also rose – to 864 million euros.
The voestalpine group covers its network all over the world and is also represented in many sectors, such as the automotive industry, logistics, the railway industry and, and, and. The company operating from Upper Austria also benefited from this in the first three quarters of the 2022/23 financial year. Compared to last year, the voestalpine group increased its turnover from EUR 10.5 billion to EUR 13.6 billion. The result after tax increased from EUR 698 million last year to EUR 864 million.
Striking: the energy sector and here again the solar industry, which increasingly uses Voestalpine products, made a particularly positive impression. In aviation, it goes up again after a huge corona damper. The rail sector, for which the group produces rails and points, is still developing. Interestingly, business fared much better for the company led by Herbert Eibensteiner outside Europe. China in particular excelled here.
Costs could be passed on
“We have also been able to pass on rising raw material and energy costs in most business sectors,” reveals Herbert Eibensteiner.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
