EQS-Adhoc: voestalpine AG: voestalpine plans to sell Buderus Edelstahl and reorganizes Automotive Components business in Germany resulting in one-off write-downs of around EUR 410 million
Source: EQS
EQS-Ad-hoc: voestalpine plans to sell The Management Board of Following the restructuring steps already taken in the past, the Management Board of This sale and impairment losses in the High Performance Metals Division will result in negative one-off effects on earnings (EBIT) of about The resulting optimization of the product portfolio strengthens the High Performance Metals division's competitive position. Business segment Automotive Components in In Automotive Components, the management is maintaining its internationalization strategy, but is making targeted adjustments in response to the structural underutilization of capacity in the automotive supply industry in Against this backdrop, the Metal Forming Division is reorganizing its Automotive Components business in Earnings outlook BY 2023/24 The above-mentioned measures result in negative one-off effects on the voestalpine Group's EBITDA of about The structural optimization and adjustment of the product portfolio is a meaningful step in implementing the strategy of focusing the materials business (steel production) on the highest quality segment and growing globally in the downstream business. In the current Business Year 2023/24 significant progress was made for example in the area of automated warehouse technology via the establishment of a new production site in End of Inside Information
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Language: | English |
Company: | |
voestalpine-Straße 1 | |
4020 Linz | |
Phone: | +43 50304/15-9949 |
Fax: | +43 50304/55-5581 |
E-mail: | IR@voestalpine.com |
Internet: | www.voestalpine.com |
ISIN: | AT0000937503 |
WKN: | 897200 |
Listed: | |
EQS News ID: | 1857837 |
End of Announcement |
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1857837 14-March-