AT A GLANCE: Voestalpine 2020/21 results exceed forecast but held back by Covid-19

A summary of the financial results for Austrian steelmaking group Voestalpine over its business year 2020/21, covering the period from April 1, 2020, to March 31, 2021.

In brief The business year 2020/21 was marked for Voestalpine by an economic downturn of historic proportions. In the April-June quarter, there was a massive drop in demand in almost all customer sectors. But demand for Voestalpine products increased again in the July-September quarter despite renewed lockdowns in many markets, and rose continuously over the course of the financial year. In particular, the automotive industry, the key consumer sector for the company, made a surprisingly strong return...

Published

Ross Yeo

June 09, 2021

16:54 GMT

London