voestalpine expands greentec steel at Donawitz
The company will invest EUR 100 million to increase capacity to 1.5 million tons annually by 2030, reducing CO2 emissions by over 90%.
See the latest news and media coverage for voestalpine. We track all announcements, press releases, and industry mentions in real time, all in one place.
Steel and technology group
voestalpine.comLast updated
In short: voestalpine reported a significant profit jump of nearly 138% to €424 million and secured major rail and aerospace contracts worth over €1.5 billion.
The company will invest EUR 100 million to increase capacity to 1.5 million tons annually by 2030, reducing CO2 emissions by over 90%.
Framework agreements cover supply of high-tech turnouts and digital monitoring systems, up to 1,000 units, with production in Lithuania and Latvia and prototypes delivered from 2027.
EBITDA rose to EUR 1.5 billion, EBIT up 59%, and free cash flow strong at EUR 537 million.
14,600 tons of steel installed. Produces 850,000 tons of CO₂-reduced steel yearly from 2027.
Rising profits and strong cash flow improve the financial situation. Certificates enable attractive returns even when the stock is moving sideways.
After almost a doubling of the share price, UBS and Morgan Stanley see little potential left for Voestalpine.
Voestalpine is driving the switch to CO2-reduced steel production and benefits from new EU import rules.
New EU import restrictions for steel from July strengthen Voestalpine's market position in Europe.
Track voestalpine and your other target companies to get real-time alerts and weekly summaries delivered straight to your inbox.
Browse news for competitors to voestalpine and other trending companies.