The company attributed this performance to its group strategy focused on quality, innovation and efficiency, as well as sectoral and regional diversification.
Business segments developed in different directions. Demand in the Railway Systems segment remained positive, while strong demand from the aerospace industry continued. Demand from construction, mechanical engineering and consumer goods sectors remained low but stable. In the energy sector, demand for products of the Steel Division followed a positive trend, supported by strong orders from the automotive industry. However, the Automotive Components segment was affected by ongoing weak market dynamics in European automotive production. The Warehouse Technology segment delivered a very strong performance in the first nine months of the financial year.
voestalpine AG CEO Herbert Eibensteiner stated that the company demonstrated a high level of responsiveness and adaptability. He emphasized that restructuring measures in the High Performance Metals Division have been largely completed, while initiatives at Automotive Components sites in Germany are being consistently implemented. He added that international growth projects in railway infrastructure, warehouse systems and aerospace are continuing, and that these steps are reflected in higher earnings figures and strong free cash flow. Restructuring, growth projects and the transformation of steel production remain key priorities.
The group’s strategic focus centers on efficiency improvements and the restructuring of low margin business segments. In the Metal Forming Division, the restructuring process in the Automotive Components segment in Germany is ongoing to secure automotive supply activities in the long term. The High Performance Metals Division is repositioning its product portfolio toward technologically demanding and high performance materials. Following the sale of Buderus Edelstahl in Wetzlar, consolidation of sites outside Austria, capacity adjustments at voestalpine BÖHLER Bleche in Mürzzuschlag and the sale of voestalpine BÖHLER Profil, the portfolio restructuring in this division has been largely completed.
voestalpine continues to invest in high value added business areas such as railway systems, warehouse technology and aerospace, as well as in growth regions including India.
The greentec steel project, aimed at transforming steel production, represents the company’s third strategic priority. With an investment volume of approximately EUR 1.5 billion, the project is progressing in line with budget and schedule.
In financial terms, revenue decrease by 5.1% year on year to EUR 11.1 billion, compared to EUR 11.7 billion in the same period of the previous year, mainly due to comprehensive restructuring measures. EBITDA increase to EUR 1 billion from EUR 968 million in the previous year. EBIT increase by 20.9% year on year to EUR 473 million. Profit before tax increase by 46.5% to EUR 372 million, while profit after tax increase by 25.1% to EUR 259 million.
Cash flow showed strong development. Cash flow from operating activities increase by 53.3% year on year to EUR 1.1 billion in the first three quarters. Free cash flow reached EUR 345 million, turning clearly positive compared to the previous year.
The balance sheet structure remained strong. Despite high capital expenditures under the greentec steel project, net debt was reduced to EUR 1.4 billion in the first nine months of 2025/26. This represents a decrease of 27.4% year on year and 13.8% compared to the reporting date of 31 March 2025. Equity increase by 2% both year on year and compared to 31 March 2025, reaching EUR 7.6 billion. The ratio of net financial debt to equity decrease from 26.2% to 18.7%.
As of 31 December 2025, the number of full time employees in the voestalpine Group decrease by 3.8% year on year to 48,700.
The company maintains its outlook for the 2025/26 financial year. Despite uncertainties following the economic repositioning of the United States, the global economy has largely adapted to the new conditions, and current trends are expected to continue in the final quarter of the financial year. In this context, the Management Board continues to expect EBITDA in the range of EUR 1.4 billion to EUR 1.55 billion for 2025/26.
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