According to the average estimate of the experts from Erste Group and Raiffeisen Research, turnover in the past quarter should have grown by almost a quarter to EUR 4.396 billion.
Linz/Vienna. The bottom line is that the average net profit should have collapsed by a little more than 60 percent to EUR 82.6 million. The Upper Austrian company will present its business figures on Wednesday.
Already on October 24, voestalpine presented preliminary figures for the operating earnings figures EBITDA and EBIT. Based on preliminary data, EBITDA in the second quarter of 2022/23 is in line with market expectations – around EUR 550 million.
Earnings before interest and taxes (EBIT) for the second quarter “will be burdened by unscheduled depreciation in the High Performance Metals Division and will therefore probably be in the range of around EUR 200 million,” the group also announced .
voestalpine had also raised the profit outlook for the full year in the previous month. The management has lowered the forecast for earnings before interest, taxes, depreciation and amortization (EBITDA) for the 2022/23 financial year to “EUR 2.3 to 2.4 billion” and thus roughly to the level of the previous year (EUR 2.3 billion . euros), as the company announced in October. Previously, only 2 billion euros were expected.
Source: Nachrichten
