voestalpine Posted Best-Ever Results in 2021/22

SEATTLE (Scrap Monster): voestalpine- the Linz, Austria-headquartered steel industry company posted the best results in the history of the company during the business year 2021/22, despite extremely challenging situations on account of Covid-19 pandemic, supply chain disruptions, surging raw material and energy prices and Russia-Ukraine crisis.

According to news release, the company’s revenue rose 36.9% to EUR 14.9 billion, in comparison with the previous year. The EBITDA doubled year-on-year to total EUR 2.3 billion. Also, EBIT rose from around EUR 340 million in the previous year to EUR 1.5 billion this year. The EBITDA margin and EBIT margin stood at 15.4% and 9.7% respectively.

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The net financial debt reduced from EUR 103.4 million a year before to EUR 71.8 million for the business year just closed. At the same time, the company’s total investments totalled EUR 710 million in the business year 2021/22, significantly higher by 16% over the previous year.

voestalpine recommended a dividend of EUR 1.20 per share payable to its shareholders, subject to the approval of the Annual General Meeting of the company on July 6, 2022. It also announced that the advanced special steel plant at the voestalpine site in Kapfenberg will gradually be commissioned this summer.