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09 Jun
14:22

Voestalpine reduces revenue but outlook positive

Voestalpine reported lower 2020/2021-business-year revenue and Ebitda but forecasts it will improve performance in the current quarter due to demand from almost all important customer segments. Some areas even seem to be overheating due to catch-up effects, the Austrian steelmaker says. Due to the economic situation, annual group revenue fell by 11.4% on-year to €11.3 billion ($13.8 billion). Given the economic crisis, the decline in Ebitda of …
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