EQS-News: voestalpine: voestalpine with solid results in the first half of 2026/27
EQS-News: voestalpine AG / Key word(s): Half Year Results/Half Year
Results
voestalpine: voestalpine with solid results in the first half of 2026/27
11.11.2026 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
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voestalpine with solid results in the first half of 2026/27
• Revenue at previous year’s level of EUR 7.7 billion (H1 2025/26: EUR
7.6 billion)
• EBITDA rises to EUR 846 million (previous year: EUR 722 million)
• EBIT increases to EUR 470 million (+36%; previous year: EUR 345
million)
• Earnings (EBITDA/EBIT) impacted by positive one-off effects of around
EUR 100 million
• Profit before tax of EUR 408 million and profit after tax of EUR 290
million, each up 46% year over year
• Positive free cash flow despite high investment activity
• greentec steel on schedule and on budget, start-up in the first half
of calendar year 2027
• Number of employees (FTEs) down 2% to 48,616
• Outlook for 2026/27 forecasts EBITDA of between EUR 1.6 billion and
EUR 1.7 billion
voestalpine delivered solid results in the first half of the business year
2026/27 (April 1 to September 30, 2026). The Group’s clear focus on
quality, innovation, and efficiency, together with its broad
diversification across industries and regions, once again proved to be a
key strength in an environment characterized by considerable uncertainty.
The positive trend in the Railway Systems business segment continued in
the first half of the year, supported by numerous infrastructure projects
in Europe and international railway projects. The aerospace segment also
continued to perform successfully, with its high-quality products in
demand from both the European and North American aerospace industries. In
the automotive industry, the Steel Division maintained its strong market
position and recorded generally satisfactory demand in the first half of
2026/27. By contrast, the Automotive Components business unit of the Metal
Forming Division continued to face challenging conditions in the
automotive industry in Europe, as well as in China and North America.
Demand from the construction, mechanical engineering, and consumer goods
industries remained subdued overall. In the energy sector, geopolitical
developments in the Middle East led to project postponements and increased
market uncertainty. The Warehouse technology segment, meanwhile,
maintained its strong performance in the first half of 2026/27.
“We achieved solid results in an extremely challenging environment. We
continued to focus on reorganizing business units with low profitability
and implementing targeted international growth projects. However, the
ongoing war in the Middle East and the resulting sharp rise in energy and
logistics costs are weighing on earnings potential for the second half of
the year. We are therefore lowering the upper end of our EBITDA forecast
from EUR 1.85 billion to EUR 1.7 billion. Nevertheless, our robust Group
strategy and strong financial foundation give us confidence in the future.
The lower end of our outlook therefore remains unchanged at EUR 1.6
billion,” says Herbert Eibensteiner, CEO of voestalpine AG.
Continuation of reorganization measures
In the first half of 2026/27, the Group continued to reorganize business
units affected by structural change. As previously reported, these
measures primarily concern the Automotive Components business unit, with
the aim of securing the long-term future of the Metal Forming Division’s
automotive supplier business. The reorganization measures also extend to
the High Performance Metals Division, which is focusing its product
portfolio on the technologically demanding segment of high-performance
materials. The reorganization measures are now almost complete, and those
already implemented are increasingly delivering positive results.
greentec steel remains on track
With greentec steel, voestalpine has a clear strategy and is implementing
it consistently. As a first step, the electric arc furnaces (EAFs) in Linz
and Donawitz will begin operating in the first half of 2027. Both projects
are on schedule and on budget. The core equipment for the EAFs has
arrived, and the individual components are now being assembled on site,
finely adjusted, and integrated into a fully operational plant. Cold
commissioning will then begin in some areas. This involves testing
conveyor systems, hydraulic systems, electrical installations, cooling
circuits, and automation systems.
Earnings growth and positive free cash flow despite high investment
activity
The voestalpine Group’s revenue remained virtually unchanged at EUR 7.7
billion (+0.8%) in the first half of 2026/27 compared with the same period
of the previous year. Operating result (EBITDA) rose by 17.1% to EUR 846
million. Alongside the sustained benefits of the cost-cutting and
efficiency improvement programs initiated, earnings in the first half of
2026/27 reflected positive and negative one-off effects in the High
Performance Metals Division totaling around EUR 100 million, particularly
from the sale of voestalpine BÖHLER Profil.
Operating profit (EBIT) increased by 36% year over year to EUR 470
million. Profit before tax rose by 46.5% to EUR 408 million, while profit
after tax amounted to EUR 290 million (+46.1%). Free cash flow amounted to
EUR 24 million in the first half of 2026/27, including a one-off effect of
approximately EUR 150 million from the sale of voestalpine BÖHLER Profil.
The voestalpine Group’s equity amounted to EUR 8 billion, an increase both
year over year and compared with the balance sheet date of March 31, 2026
(year over year: +6.6%; since March 31, 2026: +2.9%). Net financial debt
decreased by 5.3% year over year to EUR 1.4 billion as of September 30,
2026. Compared with EUR 1.3 billion at the balance sheet date (March 31,
2026), net financial debt increased by 10.2%, primarily due to the
dividend payment to voestalpine AG shareholders. The gearing ratio (net
financial debt as a percentage of equity) decreased further to 17.3%.
As of September 30, 2026, the voestalpine Group employed 48,616 people
worldwide (full-time equivalents), down 2.0% from the previous year
(49,614). The decrease was primarily attributable to the reorganization
measures in the High Performance Metals Division and the Automotive
Components business unit of the Metal Forming Division.
Outlook for business year 2026/27
The Management Board of voestalpine AG is confident about the Group’s
future development and continues to expect solid EBITDA for the 2026/27
business year, exceeding the prior-year level.
The war in the Middle East, which has lasted longer than expected, and its
associated consequences are weighing particularly heavily on energy and
logistics costs. In addition, energy projects in the crisis-troubled
region are being further delayed. Logistical challenges and provisional
additional U.S. duties are dampening earnings potential in the second half
of the year as well.
Against this backdrop, the EBITDA forecast for the 2026/27 business year
has been adjusted to EUR 1.60 to 1.70 billion (previously: EUR 1.60 to
1.85 billion). This corresponds to an expected EBIT in the range of EUR
830 million to 930 million. The forecasts for EBITDA and EBIT include the
positive one-off effects recognized in the first quarter of 2026/27, which
amounted to a net total of approximately EUR 100 million.
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, and employed around 48,800 employees worldwide.
Please direct your inquiries to
voestalpine AG
Mag. Peter Felsbach, MAS
Head of Group Communications | Spokesman
voestalpine-Straße 1
4020 Linz, Austria
T. +43/50304/15-2090
peter.felsbach@voestalpine.com
[1] www.voestalpine.com
voestalpine AG
Dino Malkic
Head of Investor Relations
voestalpine-Straße 1
4020 Linz, Austria
T. +43/50304/15-2558
[2]dino.malkic@voestalpine.com
[3] www.voestalpine.com
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11.11.2026 CET/CEST This Corporate News was distributed by [4]EQS Group
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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: 2431948
End of News EQS News Service
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2. dino.malkic@voestalpine.com
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