Since Wednesday nighttime america President Donald Trump introduced doubling of the Import price lists on metallic and aluminum came into pressure. Instead of 25 percent as considering that March 50 percentage Customs due for US steel imports. This also influences the voestalpine.
If the surcharges show to be everlasting, call for inside the USA ought to lower and decrease income portions, stated voestalpine-Chef Herbert Eibensteiner On Wednesday at the group’s balance sheet press conference.
Uncertainty
Then ought to be “Capacities adapted” become. The Styrian Voest places in Kindberg and Kapfenberg. Steel pipes are produced in Kindberg. 250 personnel were dismantled in Kapfenberg in the past monetary yr.
The increase in import responsibilities to a 50 percentage problem for similarly uncertainty, stated Eibensteiner. It is time for the EU to boost up its negotiations with the United States. Depending on the quantity of the customs units, the Voestalpine expects loads inside the medium to excessive double -digit million variety.
The EU should additionally react to the European marketplace that had been re-enacted with the aid of america tariffs, the Voestalpine boss demanded: “We are demanding correspondingly effective exchange protection measures.”
In the economic 12 months expired on the cease of March, the Voestalpine had to take delivery of income losses. The Sales quantity dropped to 1000000000 euros 15.7 billion euros. The Profit went on 178,6 My. Euro again. In view of the tough environment, Eibensteiner despite the fact that stated a “stable end result”.
There become an awesome freedom inside the case of the rail infrastructure, aviation and also in logistics answers. There had been declines in the automobile zone, mechanical engineering and inside the construction enterprise.
In the present day economic 12 months, but, one additionally expects a end result boom because of the loss of computer graphics. Eibensteiner sees the earnings earlier than interest, depreciation and taxes in a number of 1.4 billion to 1.55 billion eurosafter 1.Three billion euros within the beyond economic 12 months. Recently, extra than 300 million euros have been spent on restructuring measures, which have been additionally meditated inside the balance sheet. The Divides is from 70 to 60 Cent trimmed together in line with share
Voestalpine boss Herbert Eibensteiner
US locations are multiplied
Other steel manufacturers are a whole lot greater affected by the United States price lists. Because the Voestalpine already produces 50 percent of its income in the USA regionally. Eibensteiner desires to amplify the capacities. The vicinity has grown approximately Warehouse technologywhere up to 100 million euros are already generated within the USA.
The production facility in Louisville In the USA country of Kentucky, it is to be accelerated. The manufacturing capacities at the Voestalpine vicinity in Indiana. The USA is likewise produced inside the USA, and substances for the aviation industry also are processed.
Local production
The approach of moving its production into neighborhood sales markets has been pursuing the Voestalpine for a long time and not simply within the United States. In Brazil This 12 months the region in Caxias do Sol, on which UA special pipes is produced, is likewise to be elevated to expand a logistics middle. Also in If you build. In Egypthave been produced for the primary high -velocity direction inside the us of a, the “Green Line”.
Green metallic on rail
However, investments also are made in Austria. Around a third of the inexperienced metal deliberate investments from 1.5 billion euros have already flowed. Last year a hundred and eighty My. Euro placed into the challenge that the construction of Electric mild sheet stoves consists of. 2027 in Linz and Donawitz one can be put into operation.
With the agenda you could see your self on rail. The first orders for the inexperienced steel have already been received. 90,000 tons have to be after round 2027/28 Great Britain may be delivered and used to construct lines via which CO2 are brought underground on the coast. Also producer for the Automotive enterprise had already ordered tens of lots of lots of the CO2-decreased metal, said Hubert Zajicekthat leads the metal region at the Voestalpine.
Stock
The Voestalpine papers in shops inside the Vienna Stock Exchange on Wednesday. In the early afternoon, they indexed an increase of 3.7 percent at 23.Fifty two euros.
