|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||5.50 - 5.50|
|52 Week Range||5.50 - 10.85|
|Beta (3Y Monthly)||1.76|
|PE Ratio (TTM)||5.91|
|Forward Dividend & Yield||0.33 (5.04%)|
|1y Target Est||N/A|
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Speciality steelmaker Voestalpine is not interested in buying assets from Germany's Thyssenkrupp or India's Tata Steel , should regulatory conditions for their merged steel venture make them available to rivals. "Expansion in steel has for a long time not been part of our strategy," Voestalpine chief executive officer Wolfgang Eder told reporters on Thursday at a briefing in Frankfurt. Eder also said Washington had granted around 4,000 exemptions from steel import tariffs out of a total of around 6,000 deliveries that Voestalpine has applied for.
Austrian speciality steelmaker Voestalpine (VOES.VI) will continue its operations in Britain no matter how the country's relationship with the European Union is shaped in the future, its chief executive said on Monday. "We will definitely remain loyal to Britain," Wolfgang Eder told journalists in Vienna, when asked whether there were any scenarios under which Voestalpine would withdraw from the Britain in connection with the country's planned divorce from the bloc. Voestalpine has 10 locations including four production sites in the country and generates sales of around 300 million euros (268.13 million pounds), or 2 percent of group sales, there.
First-half net profit at Austrian speciality steelmaker Voestalpine fell 19 percent, largely due to weaker demand from the auto industry, maintenance work at its largest blast furnace and an unplanned ...
Austrian speciality steelmaker Voestalpine said first-half net profit fell 19 percent largely due to decreasing demand from the auto industry and an unplanned shutdown of a U.S. plant. Net profit in the ...
After three boom years, the auto industry must adjust to the fact that demand will no longer grow quite as strongly, Voestalpine (VOES.VI) CEO Wolfgang Eder said on Friday. The Austrian speciality steelmaker's focus on finished parts for cars has made the automobile industry a major customer that contributes one third of its group revenue. Eder said he sees demand softening over the next six to eight months.
No country would benefit from any escalation in global trade tensions that were fuelled by the United States' push this year to impose tariffs, the head of Austrian steelmaker Voestalpine AG (VOES.VI) said on Tuesday. "If we build up trade barriers, there will be only losers," Chief Executive Wolfgang Eder told Reuters on the sidelines of the World Steel Association's general assembly in Tokyo. Citing Section 232 of U.S. trade law, which allows for tariffs on national security grounds, the Trump administration imposed global tariffs of 25 percent on steel imports and 10 percent on aluminium in March, sparking similar retaliatory responses from its trade partners.
The United States has granted more than half of the exemptions to its steel import tariffs that Austrian steelmaker Voestalpine and its customers applied for, the company said on Tuesday. Washington in May announced tariffs of 25 percent on steel imports and 10 percent on aluminum from the European Union, Canada and Mexico. Of the 4,300 product exemptions that the company and its customers applied for, 2,640 have received a response from the U.S. administration, Voestalpine said.
Austrian steelmaker Voestalpine said some of the applications it has filed to shield U.S. orders from local import tariffs have been successful. The company has so far received 140 responses to the total 3,500 applications it has filed, Chief Executive Wolfgang Eder told journalists late on Tuesday. The United States in June slapped import tariffs of 25 percent on steel imports from the European Union, also affecting Voestalspine rivals Thyssenkrupp and Salzgitter .
Austria's Voestalpine (VOES.VI) is shifting part of its production for the automotive industry from the United States to Mexico to avoid President Donald Trump's tariffs on imported steel, its chief executive said. The steelmaker specialises in making finished parts for the automotive and rail industries and generates 1.3 billion euros ($1.5 billion) in annual sales in the United States, a tenth of group revenue. Most of Voestalpine's 48 U.S. sites work with domestic steel, but one third of its revenue there relies on imports because some of the flat steels used in car parts and special alloy are not available.
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NEW YORK, NY / ACCESSWIRE / August 8, 2018 / voestalpine AG (OTC PINK: VLPNY ) will be discussing their earnings results in their Q1 Earnings Call to be held on August 8, 2018 at 2:00 PM Eastern Time. ...
Based on Voestalpine AG’s (VIE:VOE) earnings update in March 2018, it seems that analyst forecasts are fairly pessimistic, with earnings expected to decline by -2.84% in the upcoming year comparedRead More...
Voestalpine AG (WBAG:VOE) is a stock with outstanding fundamental characteristics. When we build an investment case, we need to look at the stock with a holistic perspective. In the caseRead More...
Voestalpine (VOES.VI) Chief Executive Wolfgang Eder will step down in the summer of 2019 after some 15 years at the helm and move to the supervisory board, the Austrian speciality steel company said on Tuesday. Steel division head Herbert Eibensteiner, 54, will be appointed as Eder's successor with effect from July 3, 2019. Eder, former chairman of the World Steel Association, is highly regarded within the industry and viewed by analysts as a major asset.
Austrian steelmaker Voestalpine said on Friday the impact of new U.S. tariffs would be manageable but called on the European Union to act quickly to protect its firms from any dumping from other regions that those tariffs might prompt. Washington on Thursday announced tariffs of 25 percent on steel imports and 10 percent on aluminum from the European Union, Canada and Mexico. The tariffs took effect hours later.