voestalpine posted record results in the business year 2021/22, despite an extremely challenging environment, with revenue rising 36.9% in a year-over-year comparison, to €14.9 billion. The operating result (EBITDA) also developed positively, doubling year over year to €2.3 billion (2020/21: €1.1 billion). 

Herbert Eibensteiner, CEO of voestalpine AG, explains: “voestalpine once again demonstrated its great flexibility and adaptability. By maintaining our clear focus on measures to boost efficiency, we were able to exploit the positive economic environment during the business year as best we could. We succeeded in securing our operations through suitably adjusted measures within a very short time following the outbreak of the war in Ukraine.

In the business year 2021/22, demand for the steel and technology Group’s high-quality products developed along extremely robust trajectories in almost all market and product segments. Even the Automotive Components business segment, which was strongly impacted by disruptions to supply chains and related production curtailments, recorded a satisfactory performance. The development of the Railway Systems segment was once again stable.

Following the economic recovery, the Aerospace segment, which had been hugely impacted by the pandemic, developed as positively as the energy sector, which was able to profit from the rising oil and natural gas prices. The boom in the Warehouse & Rack Solutions business segment, which is driven especially by the growing trend toward e-commerce, continued unabated in the reporting period. 

“We will continue to concentrate on high- tech segments with the most demanding quality standards, and work together with our customers to drive innovation. As before, the stated goal is to continue driving the company’s value-enhancing growth. This is supported by our positive start to the business year 2022/23. We are based on an excellent financial footing and have a good level of orders for our high-quality products in the key segments, at least through to the Northern summer. However, uncertainties arise due to it being almost impossible to forecast economic development in the second half of the calendar year 2022,” reported Eibensteiner.