Net financial debt of the company decreased by 2.6% y-o-y to EUR 2 billion, while the company expects demand to remain strong in the railway infrastructure, storage systems and aerospace sectors, despite weak growth in Europe and a slowdown in the automotive sector. The company stated that they expect EBITDA for the financial year 2024/25 to be EUR 1.3 billion.
Rail infrastructure and aerospace segments performed strongly, while the automotive sector continued to weaken. With the restructuring of its automotive plants in Germany and the sale of Buderus Edelstahl, Voestalpine AG reported that it is focusing its product range on high-performance materials. In line with its global expansion strategy, the company aims to increase its storage systems capacity in the US, expand its production of resource supplies in India and continue production of turnouts for high-speed rail lines in Egypt.
Herbert Eibensteiner, CEO of Voestalpine AG, stated: "We are responding to the current difficult economic environment in Europe with active management and a global growth strategy. Our Group strategy is strong and we are in a solid financial position. Especially in these challenging times, this is a stabilizing factor and the basis for our investments for the future."
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