EQS-News: voestalpine AG: voestalpine increases earnings despite a volatile environment in the 2025/26 business year

EQS-News: voestalpine AG: voestalpine increases earnings despite a volatile environment in the 2025/26 business year

EQS-News: voestalpine AG / Key word(s): Annual Results/Annual Results
voestalpine AG: voestalpine increases earnings despite a volatile
environment in the 2025/26 business year

03.06.2026 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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voestalpine increases earnings despite a volatile environment in the
2025/26 business year

» Positive performance across all key earnings categories—supported by a
robust strategy and active reorganization
» EBITDA improves to EUR 1.5 billion (BY 2024/25: EUR 1.3 billion)
» EBIT up significantly by 59% to EUR 724 million (previous year: EUR 455
million)
» Profit before tax at EUR 587 million (+116.9%), profit after tax at EUR
424 million (+137.6%)
» Revenue down slightly to EUR 15.1 billion (previous year: EUR 15.7
billion)
» Strong free cash flow of EUR 537 million and continued reduction of net
financial debt
» International growth projects further accelerated; record orders provide
tailwind
» greentec steel on track; approximately 60% of EUR 1.5 billion already
invested
» Number of employees (FTE) decreased by 1.8% to 48,800
» Outlook for 2026/27: EBITDA between EUR 1.60 billion and EUR 1.85
billion

voestalpine achieved an overall positive result in the past business year
(April 1, 2025 to March 31, 2026). In an environment characterized by
significant uncertainties, the clear focus on quality, innovation, and
efficiency, together with the broad diversification across industries and
regions, once again proved to be a key strength of the Group.

The performance of the individual business segments showed a mixed
picture. Demand remained positive in the Railway Systems business segment
and high in aerospace, while the construction, mechanical engineering, and
consumer goods industries held steady at a low level. Demand for the Steel
Division’s products remained positive in the energy sector, and proved
robust in the automotive industry. However, the very subdued market
dynamics in automotive production, particularly in Europe, continued to
affect the Metal Forming Division’s Automotive Components business
segment. Warehouse technology once again proved to be a growth driver. The
50% US tariffs on steel in effect since June 4, 2025 had a noticeable
impact in the business year 2025/26, resulting in a negative impact on
earnings in the high double-digit million euro range.

“Our strategic course has once again proven to be highly resilient, and we
succeeded in significantly increasing key earnings figures as well as free
cash flow. Our focus remained on the consistent reorganization of
low-return business segments and on accelerating international growth
projects. We also reached some key milestones on our path towards steel
production with net zero CO2 emissions,” says Herbert Eibensteiner, CEO of
voestalpine AG.

Record orders in areas of processing
In the business year 2025/26, voestalpine recorded strong order levels in
key processing areas. In addition to record orders in aerospace and
warehouse technology, the Group further strengthened its position as the
global market leader in complete railway systems. Following voestalpine’s
recent project to equip the entire Koralmbahn railway line in Austria with
its high-tech products, leading international rail operators—including
Deutsche Bahn (DB) and Swiss Federal Railways (SBB)—are once again calling
on the Group’s expertise. The two orders, totaling EUR 500 million,
include the supply of rail and turnout systems as well as signaling
technology and monitoring applications.

The international aerospace sector also recently provided a strong
tailwind for voestalpine, with orders worth around EUR 1 billion secured
for the next five years. A large proportion of these orders was placed by
European aircraft manufacturer Airbus, and covers the entire spectrum of
services from high-performance materials and complex forged parts to a
comprehensive global logistics service.

voestalpine also won its largest order to date in the high-bay warehousing
segment, for the construction of a cutting-edge 40-meter-high logistics
hub in Istanbul.

Consistent implementation of reorganization measures
The measures already initiated in the 2024/25 business year to reorganize
those business units facing structural changes were consistently pursued.
As previously reported, voestalpine is restructuring the Automotive
Components segment in Germany with the aim of securing the Metal Forming
Division’s automotive supply business for the long term. The High
Performance Metals Division is concentrating its product portfolio on the
technologically demanding segment of high-performance materials. Following
the sale of Buderus Edelstahl in Wetzlar (Germany), worldwide site
consolidations, capacity adjustments at voestalpine BÖHLER Bleche in
Mürzzuschlag (Austria), and the sale of voestalpine BÖHLER Profil
(Austria), the division has now largely completed the process of
restructuring its portfolio. voestalpine Tubulars in Kindberg (Austria), a
company within the Metal Engineering Division, had to reduce production in
line with lower demand, primarily due to the heavy impact of the 50%
tariffs in the USA, its main sales market.

As part of the reorganization measures, it was also necessary to adjust
the workforce. Social plans were developed in close coordination with the
works councils of the affected companies, and where possible, employees
were offered opportunities at other sites.

greentec steel—electric arc furnaces to start up as planned in 2027
With greentec steel, voestalpine has a clear strategy which it is
implementing according to plan. An electric arc furnace (EAF) will go into
operation in both Linz and Donawitz in the first half of 2027. By 2029, up
to 30% of CO2 emissions can be saved compared to 2019, which equates to
almost 5% of Austria’s annual CO2 emissions, making greentec steel the
country’s largest climate protection program.

In the past business year, several key milestones were reached in the
project’s implementation. The halls for the EAFs were constructed at both
sites, and the structural prerequisites for the power and new raw material
supply were put in place. The core equipment will be delivered in the fall
of 2026. “We are currently building a new steel mill at each of the two
sites in the middle of heavily utilized production plants, which poses
major logistical challenges. The project, with an investment volume of
around EUR 1.5 billion, is on schedule. Approximately 60% of the total
investment volume was already invested by the end of the business year,”
says Herbert Eibensteiner.

Improved earnings and high free cash flow
Revenue in the business year 2025/26 fell by 4.3% year-on-year, from EUR
15.7 billion to EUR 15.1 billion. The operating result (EBITDA) rose to
EUR 1.5 billion (BY 2024/25: EUR 1.3 billion), with particularly striking
improvements in the two divisions that had launched comprehensive
restructuring measures in the prior year (High Performance Metals
Division, and Metal Forming Division). It should be noted in this context
that the previous year’s figures for these two divisions included negative
one-off effects. The voestalpine Group significantly increased its profit
from operations (EBIT) by 59%, from EUR 455 million to EUR 724 million.

Consolidated earnings before taxes rose significantly, to EUR 587 million
(previous year: EUR 271 million). Profit after tax improved markedly, to
EUR 424 million (previous year: EUR 179 million). The free cash flow of
EUR 537 million for the business year 2025/26 reflects the outstanding
performance of both the company and its employees.

voestalpine’s capital structure remains exceptionally stable, with a
further strengthened equity base. Despite extensive investing activities
related to greentec steel, net financial debt was reduced by 23.4% to EUR
1.3 billion as of March 31, 2026. Equity stood at EUR 7.8 billion as of
the reporting date. The gearing ratio (net financial debt as a percentage
of equity) improved to 16.2%, which is the lowest it has been since the
business year 2005/06.

On March 31, 2026, the number of employees in the voestalpine Group
worldwide amounted to around 48,800 (full-time equivalents) which is 1.8%
lower than in the previous year (49,700). The decline is primarily due to
reorganizations in the Production and Sales areas of the High Performance
Metals Division as well as in the Automotive Components business unit of
the Metal Forming Division.

Proposed dividend: EUR 0.75
Subject to the approval of the Annual General Meeting of voestalpine AG to
be held on July 1, 2026, a dividend of EUR 0.75 per share (previous year:
EUR 0.60) will be distributed to shareholders.

Outlook for the business year 2026/27
The geopolitical turmoil that characterized much of the 2025/26 business
year is also expected to have a significant impact on the upcoming 2026/27
business year. In addition to the as-yet-unresolved conflict in the Middle
East and its resulting effects on energy prices and inflation, the
economic and legal framework conditions between Europe and North America
have not yet stabilized.

The 2026/27 business year will therefore be significantly influenced by
developments beyond the company’s sphere of influence. However, the
management of voestalpine AG will continue to respond to changing
conditions carefully, consistently, and swiftly. The company’s broad
portfolio and consistently implemented strategy will support these
efforts.

Assuming a global economic environment comparable to that of the previous
year, the major market trends observed to date are also expected to
continue largely unchanged.

In the Steel Division, the general conditions have improved with the
introduction of the CBAM (Carbon Border Adjustment Mechanism) at the start
of the calendar year and the expected implementation of the European
Union’s post-safeguard measures by summer 2026 at the latest. Both the aim
of equal treatment regarding CO₂ costs and a balanced management of import
volumes will positively influence the European steel market and thus the
performance of the voestalpine Steel Division in the 2026/27 business
year. However, this is mitigated by delays to energy projects in the heavy
plate segment.

The extensive reorganization measures are expected to yield both
sustainable and one-time positive effects for the High Performance Metals
Division in the 2026/27 business year. From a market perspective, the
development should remain largely stable, with the Aerospace segment
continuing to perform well.

The Metal Engineering Division will continue to be significantly shaped by
the positive trend in the Railway Systems segment in the 2026/27 business
year. In the seamless tube business, we do not expect any significant
changes related to U.S. tariffs. Production levels have been adjusted to
meet demand. The performance of the remaining Division is expected to
remain largely stable in what remains a challenging environment.

The market outlook for the Metal Forming Division in the 2026/27 business
year is expected to vary by region, with only slight improvement expected
in the Tubes & Sections segment. Positive earnings effects are expected
from the reorganization measures at Automotive Components. The Warehouse &
Rack Solutions and Precision Strip business units are expected to continue
performing well.

Against this backdrop of persistently high geopolitical and economic
uncertainties, the continuation of existing market trends, and positive
effects from the implementation of internal measures, the Management Board
of voestalpine AG expects EBITDA for the 2026/27 business year to range
between EUR 1.60 and EUR 1.85 billion.

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; it has around 48,800 employees worldwide.

Please direct your inquiries to
voestalpine AG
Peter Fleischer
Head of Investor Relations
voestalpine-Strasse 1
4020 Linz, Austria
T. +43/50304/15-9949
peter.fleischer@voestalpine.com
www.voestalpine.com

voestalpine AG
Mag. Peter Felsbach, MAS
Head of Group Communications I Spokesman
voestalpine-Strasse 1
4020 Linz, Austria
T. +43/50304/15-2090
peter.felsbach@voestalpine.com
www.voestalpine.com

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03.06.2026 CET/CEST This Corporate News was distributed by [1]EQS Group

View original content: [2]EQS News

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Language: English
Company: voestalpine AG
voestalpine-Straße 1
4020 Linz
Austria
Phone: +43 50304/15-9949
Fax: +43 50304/55-5581
E-mail: IR@voestalpine.com
Internet: www.voestalpine.com
ISIN: AT0000937503
WKN: 897200
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 2338172

 
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