voestalpine AG (VOES.VI)
15 Feb 2019
VIENNA, Feb 7 Specialty steelmaker Voestalpine expects further downward pressure on earnings from a slowing European economy, it said on Thursday after a swing to a quarterly loss knocked 5 percent off its share price.
* Says Has Indication That German Cartel Office Will Take Next Steps (Not Reach A Decision) In Steel Proceedings In First Half Of 2019 Further company coverage:
VIENNA, Feb 7 Speciality steelmaker Voestalpine on Thursday said nine-months revenue increased 5 percent and confirmed its operating profit fell 37 percent in the same period.
VIENNA Voestalpine blamed operating problems in the United States and provisions from a German cartel investigation for its second profit warning in four months, sending shares in the Austrian steelmaker 8 percent lower on Thursday.
* Shares drop as much as 8 percent (Adds shares, analysts, cartel office, ThyssenKrupp)
VIENNA, Dec 10 Austria's specialty steelmaker Voestalpine may pay a lower dividend for its 2018/19 business year than the year before as declining demand from the car industry will weigh on full-year profit, its chief executive said on Monday.
VIENNA Austrian speciality steelmaker Voestalpine will continue its operations in Britain no matter how the country's relationship with the European Union is shaped in the future, its chief executive said on Monday.
VIENNA, Dec 10 Austrian specialty steelmaker Voestalpine will continue its operations in Britain no matter how the country's relationship with the European Union is shaped in the future, its chief executive said on Monday.
VIENNA, Nov 7 Austrian speciality steelmaker Voestalpine is preparing for lower demand from its auto industry customers to continue in the second half of its 2018/19 business year, its chief executive said on Wednesday.
VIENNA, Nov 7 First-half net profit at Austrian speciality steelmaker Voestalpine fell 19 percent, largely due to weaker demand from the auto industry, maintenance work at its largest blast furnace and an unplanned shutdown of a U.S. plant.