The environment in Europe is difficult – nevertheless the foot alpine can assert itself well. Due to the Global Line -up and the broad industries for which the steel company works, it became the turnover of 15.7 billion euros in the financial year 2024/25. A minus of about a billion! Nevertheless, the profit fell to 179 million euros after taxes.
Completion in Germany, reducing holiday and leisure credit, the use of the competitive and work security clause in collective contracts that enable lower wage increases, so-called reorganization measures have been on the agenda for months.
“Our answer to the challenging economic situation, especially in Europe, was active management with a focus on the quality of the results,” says CEO Herbert Eibensteiner. Nevertheless, growing projects continued, leaves the steel giant from Linz (Upper Austria).
Focus on regional production
What is striking: even if the group in Linz and Leoben-DonaWitz is currently implementing his billion dollar investment project for the production of green steel and therefore provides an obligation to the location, the so-called local-for-local strategy is also tightened, which means that you are getting closer to customers. In the past financial year, therefore, projects in Egypt, India, Brazil and North America were implemented. A logistics center is currently being built in Caxias Do Sol (Brazil). Local course production is made in Cairo. For the construction of the first Egyptian high -speed route, the foot alpine delivers approximately 260 high speed switches, including the course maintenance software.
“The words must finally follow concrete actions”
The foot salpin emphasizes that the situation in Central Europe with the high work and energy costs is difficult, even the growing trade barriers do not make it easier. The fact that politics in Austria and the EU level of industry wants to help is welcome, but “the words must finally follow concrete acts. To guarantee the competitiveness of the business location of Europe, a fundamental change is required of energy, climate and industrial policy,” says Eibensteiner.
Surgical result € 1.3 billion, profit after tax 179 million €
In the past financial year, the joint alpine generated a turnover of 15.7 billion euros, which means a decrease compared to 2023/24 by one billion euros. The operational result was 1.3 billion euros, the result before taxes at 271 million euros. The result after tax amounted to 179 million euros – despite the sharp fall in sales, the profit after taxes compared by 2023/24 only fell by 28 million euros. The number of employees went back to 49,659 full forces.
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.
