Voestalpine AG Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021
November 10, 2021 at 11:25 am EST
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Voestalpine AG reported earnings results for the second quarter and six months ended September 30, 2021. For the second quarter, the company reported sales was EUR 3,552.9 million compared to EUR 2,712.8 million a year ago. Net income was EUR 221.2 million compared to net loss of EUR 202 million a year ago. Basic earnings per share from continuing operations was EUR 1.23 compared to basic loss per share from continuing operations of EUR 1.13 a year ago.
For the six months, sales was EUR 7,042.9 million compared to EUR 5,110.1 million a year ago. Net income was EUR 473.9 million compared to net loss of EUR 272.5 million a year ago. Basic earnings per share from continuing operations was EUR 2.65 compared to basic loss per share from continuing operations of EUR 1.53 a year ago.
Voestalpine AG is one of the European largest steel makers. Net sales break down by family of products as follows:
- flat steel (32.6%): hot and cold laminated steel, galvanized steel, sheet metal, etc.;
- long steel (21%): steering systems, rods, non-welded tubes, etc.;
- special steel (18.9%);
- steel components (18.6%);
- other (8.9%).
Net sales break down by market into automotive (31.6%), oil industry (15.4%), rail transportation (10.3%), construction (10.1%), civil and mechanical engineering (10%), household appliances (4.4%), aerospace (2.2%) and other (16%).
Net sales are distributed geographically as follows: Austria (7.5%), Europe (54.5%), North America (17.2%), Asia (6.9%), South America (4.6%) and others (9.3%).
VOESTALPINE AG 
