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10 Nov
16:49

US write-off hurts voestalpine profit

Austria’s voestalpine remains troubled by its US activities, and sees change for the better progressing only slowly, and not necessarily improved by a new government. The group has succeeded in generating a “…substantially positive” Ebitda in its business year’s first-half from April-September, despite extremely difficult market conditions, it says in a report. While Ebitda dropped by -40% on-year to €325 million ($384m), the d…
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