EQS-News: voestalpine AG: voestalpine reports solid performance in the first quarter of 2026/27
EQS-News: voestalpine AG / Key word(s): Quarterly / Interim
Statement/Quarter Results
voestalpine AG: voestalpine reports solid performance in the first quarter
of 2026/27
05.08.2026 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
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voestalpine reports solid performance in the first quarter of 2026/27
• Revenue rose to EUR 4 billion (Q1 2025/26: EUR 3.9 billion)
• EBITDA at EUR 495 million (previous year: EUR 361 million)
• EBIT increased significantly by 78.8% to EUR 307 million (previous
year: EUR 172 million)
• Earnings (EBITDA/EBIT) impacted by one-time effects totaling
approximately EUR 100 million
• Profit before tax more than doubled to EUR 279 million, profit after
tax at EUR 196 million (+84.6%)
• High free cash flow of EUR 224 million and further reduction of net
financial debt
• Expansion of production capacity in the U.S. and Canada
• Number of employees (FTE) decreased by 1.8% to 48,640
• Outlook for 2026/27 remains unchanged, with EBITDA expected to range
between EUR 1.60 billion and EUR 1.85 billion
voestalpine generated solid results in the first quarter of the 2026/27
business year (April 1, 2026 – June 30, 2026). The global positioning and
sector diversification, as well as the clear focus on quality, innovation,
and efficiency, once again demonstrated their strength, particularly in
the current environment shaped by significant uncertainty.
The Railway Systems business segment continued to show a robust trend, the
Group received its largest single order to date, worth EUR 470 million,
for the new high-speed Rail Baltica rail line. Similarly, the aerospace
segment continued its positive performance at the start of the 2026/27
business year. Demand from the construction, mechanical engineering, and
consumer goods industries remained steady at an overall subdued level. The
energy sector, which was particularly affected by global uncertainties,
showed subdued performance. The Automotive Components business unit of the
Metal Forming Division continued to be affected by the persistently
challenging market environment in the automotive industry, particularly in
Europe. In contrast, the Steel Division was able to gain additional market
share in the automotive industry thanks to high quality, delivery
reliability, and stable logistics solutions. The Warehouse technology
segment continued to perform well.
In the first quarter of 2026/27, the Group continued to systematically
implement its measures to reorganize those business segments facing
structural changes. One of these is the Automotive Components unit in
Germany, with the aim to secure the Metal Forming Division’s automotive
supply business in the long term. The reorganization measures also affect
the High Performance Metals Division, which focuses its product portfolio
on the technologically demanding segment of high-performance materials.
With the sale of voestalpine BÖHLER Profil, the portfolio streamlining
within the division is largely complete.
“In an environment significantly shaped by external factors, we remain
focused on consistently reorganizing low-margin business segments while
simultaneously accelerating international growth projects. Our robust
strategy and strong capital structure provide a solid foundation,” says
Herbert Eibensteiner, CEO of voestalpine AG.
Expansion of production capacity in the U.S. and Canada
voestalpine continues to consistently implement its local-for-local
strategy. As reported, the company has doubled its production capacity at
its Jeffersonville location in the U.S. state of Indiana. The new facility
for manufacturing high-quality longitudinal beams was officially opened
recently. With an investment of approximately EUR 70 million (USD 80
million), the global steel and technology group is strengthening its
market position in the North American commercial vehicle sector. The plant
is currently in the start-up phase, with full production expected by
mid-2027. The expansion of production capacity will create a total of 110
new jobs.
In addition, voestalpine is expanding its production capacity in Canada.
voestalpine Railway Systems has signed a long-term supply agreement with
Canadian National (CN) for locally produced specialty track solutions and
is building a new production facility for turnouts and rail components in
Thorold, Ontario. With this, voestalpine Railway Systems is strengthening
its presence in Canada and creating about 30 new local jobs.
greentec steel – further expansion plans for Donawitz
With greentec steel, voestalpine has a clear strategy and is implementing
it consistently. As the first step, the electric arc furnaces (EAFs) in
Linz and Donawitz will go into operation in the first half of 2027. Both
projects are on schedule and on budget. In June, the Group presented
further expansion plans for the Donawitz site. The EAF facility, which is
scheduled to begin operations next year, will be expanded by 2030, subject
to outstanding funding issues.
The Supervisory Board of voestalpine AG has already approved the expansion
investment of approximately EUR 100 million. The investment includes the
further upgrade of the power supply infrastructure, the construction of a
third secondary metallurgy line, and an expansion of scrap logistics. This
step would allow the Donawitz location to fully transition to electrified
steel production starting in 2030.
Increase in earnings and continued positive cash flow trend
In the first quarter of 2026/27, the voestalpine Group increased its
revenue by 2.4% from EUR 3.9 billion in the previous year to EUR 4
billion. The operating result (EBITDA) improved to EUR 495 million (EUR
361 million in Q1 2025/26). In addition to the sustainable positive
effects of the cost reduction and efficiency improvement programs already
implemented, earnings performance in the first quarter of 2026/27 was
significantly influenced by one-off positive and negative extraordinary
effects in the High Performance Metals Division, particularly from the
sale of voestalpine BÖHLER Profil and from the continued reorganization
measures.
In total, the EBITDA for the first quarter of 2026/27 includes
approximately EUR 100 million in one-time effects. Profit from operations
(EBIT) rose significantly year-on-year by 78.8%, from EUR 172 million to
EUR 307 million.
Profit before tax more than doubled to EUR 279 million (previous year: EUR
139 million). Profit after tax improved to EUR 196 million (previous year:
EUR 106 million). Free cash flow for the first quarter of 2026/27 was EUR
224 million, which includes a one-time effect of approximately EUR 150
million from the sale of voestalpine BÖHLER Profil.
The reduction of net financial debt continued unabated during the current
reporting period, net financial debt was further reduced by 28.7%
year-on-year to EUR 1 billion as of June 30, 2026. Compared with the
reporting date of March 31, 2026 (EUR 1.3 billion), net financial debt
decreased by 17.9%. Given the significant increase in greentec steel’s
investment requirements in recent years, this development is particularly
noteworthy and underscores voestalpine’s strong ability to fund itself.
The voestalpine Group’s equity increased to EUR 8 billion, both
year-on-year and compared to the reporting date of March 31, 2026
(year-on-year: +6.8%, since March 30, 2026: +2.9%). The gearing ratio (net
financial debt as a percentage of equity) improved to 12.9%.
On June 30, 2026, the number of employees in the voestalpine Group
worldwide amounted to around 48,640 (full-time equivalents), which is 1.8%
lower than in the previous year (49,550). The decline is primarily due to
the reorganization measures in the High Performance Metals Division and in
the Automotive Components business unit of the Metal Forming Division.
Outlook for the 2026/27 business year
The geopolitical tensions that already had a significant impact on the
2025/26 business year continue to affect economic development in the first
quarter of 2026/27. In particular, the renewed escalation of the conflict
in the Middle East is influencing energy prices significantly and,
consequently, is very likely to affect inflation and interest rates.
Furthermore, the economic and regulatory conditions between Europe and
North America remain volatile and difficult to predict.
The start of the 2026/27 business year was thus significantly shaped by
external factors. To date, voestalpine AG has successfully navigated these
developments, continuing to rely on a solid strategy that, among other
things, focuses on the Group’s broad diversification.
Against the backdrop of a global economic environment similar to that of
the 2025/26 business year, it is expected that the key market trends will
largely continue. In Europe in particular, new regulatory measures are
currently providing additional momentum, with initial positive effects
already evident in the last quarter of the previous business year.
Considering ongoing geopolitical uncertainties, continuing market trends,
and the positive effects from regulatory and internal measures, the
Executive Board of voestalpine AG continues to expect solid financial
performance for the 2026/27 business year, with EBITDA in the range of EUR
1.60 to 1.85 billion.
The voestalpine Group
voestalpine is a globally leading steel and technology group with a unique
combination of materials and processing expertise. voestalpine, which
operates globally, has around 500 Group companies and locations in more
than 50 countries on all five continents. The voestalpine Group has been
listed on the Vienna Stock Exchange since 1995. With its premium products
and system solutions, voestalpine is a leading partner to the automotive
and machinery industries, as well as to the aerospace and energy
industries. The company is also the global market leader in railway
systems and special sections. voestalpine is committed to the global
climate goals and has a clear plan for transforming steel production with
its greentec steel program. In the business year 2025/26, the Group
generated revenue of EUR 15.1 billion, with an operating result (EBITDA)
of EUR 1.5 billion; it has around 48,800 employees worldwide.
Please direct your inquiries to
voestalpine AG
Dino Malkic
Head of Investor Relations
voestalpine-Strasse 1
4020 Linz, Austria
T. +43/50304/15-2558
dino.malkic@voestalpine.com
[1] www.voestalpine.com
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Language: English
Company: voestalpine AG
voestalpine-Straße 1
4020 Linz
Austria
Phone: +43 50304/15-2558
Fax: +43 50304/55-5581
E-mail: IR@voestalpine.com
Internet: www.voestalpine.com
ISIN: AT0000937503
WKN: 897200
Listed: Vienna Stock Exchange (Official Market)
LEI Code: 529900ZAXBMQDIWPNB72
EQS News ID: 2377230
End of News EQS News Service
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