The becoming increasingly difficult, especially in Europe, does not pass the foot alpine. De Steel and Technology Group, based in Linz (Upper Austria), only registered a somewhat falling turnover after three quarters in the financial year 2024/25. Halved profit after taxes, but came to 207 million euros.
The clause for competitive and employment protection was used in the pipe production in Krieglach, Böhler Stain -free Steel and Böhler Aerospace in Kapfenberg and at the foundry in Traisen; Holiday and leisure credit were dismantled; Temporary employees also had to go; To do this, they decided to close the car component factory in Birkenfeld/Germany, which will result in 220 jobs in recent weeks that the wind had already become rougher during the footpine.
Difficult economic environment in Europe
Because: even the steel and technology group cannot remove itself from current developments. “We come across the currently difficult economic environment in Europe with active management and a global growth strategy,” emphasizes CEO Herbert Eibensteiner, who presented the first three quarters of the financial year 2024/25 on Wednesday the first three quarters of the financial year 2024/25.
And the meadows for the foot alpine a slightly decreasing turnover of 11.7 billion euros instead of 2023/24. For this, the profit after taxes gave enormous, halved compared to the previous year: after three -quarters in 2024/25 it is 207 million euros, in 2023/24 there were still 415 million euros.
However, the decline was not surprising: in the half year 2024/25 the company had submitted a lower turnover with eight billion euros than in the previous year. The result after the taxes were shrunk to 183 million euros.
“Are financially solid”
“Our group strategy is robust and we have been determined financially solidly. This is a stability factor and the basis for our investments in the future in these challenging times, “says Eibensteiner. What is going well? The area of rail infrastructure and aviation in particular, moreover, demand is still high for storage systems. The need for the energy industry, on the other hand, has cooled in the course of the financial year, as De Voettalpine reports.
More than 50,600 employees worldwide
Not a good sign: according to the Steel Company, market dynamics decreased further in the European car industry. The board of Voltalpine has already launched an extensive reorganization program of the European and especially German locations in the Automotive Components Division. This includes the closure of the work in Birkenfeld. As of December 31, 2024, the foots’ Salpine employed 50,670 employees worldwide, and there were 51,589 at the end of March 2024.
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.
