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    VOE   AT0000937503

VOESTALPINE AG

(VOE)
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Real-time Estimate Quote. Real-time Estimate Tradegate - 09/28 06:16:04 am
32.56 EUR   -0.06%
09/22VOESTALPINE : Our path to a green future
PU
09/20VOESTALPINE : increases its research budget in the current business year to EUR 185 million
PU
09/15METAL FORMING DIVISION : long live the loop
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Voestalpine : New rolling line for profiles at Bruck an der Mur site

05/06/2021 | 06:00pm EDT

With its latest investment in a new rolling line for profiles, voestalpine Wire Technology in Bruck an der Mur is positioning itself as a full-solutions supplier in the profile wire sector, gaining access to new markets such as the food industry.

voestalpine Wire Technology's new rolling line for profiles offers high dimensional flexibility and can produce very small cross-sections, which opens up new fields of application for the high-performance wires produced in Bruck an der Mur.

Profile wire for the food industry

The new line extends the range of products to include profile wires with a cross-section of 2 mm² instead of the previous 6 mm². It also further optimizes the surface quality of the wire. These special profile wires are particularly in demand in the food industry, where stringent demands are placed on the material used in preservation processes. During high-pressure treatment, foods are preserved at a pressure of up to 6,000 bar, which roughly corresponds to the pressure at a sea depth of 60 km. The advantage of this method is that the pressure is distributed equally throughout the product and no heating is necessary.

The special flat wire for reinforcing high-pressure containers - produced by voestalpine Wire Technology

The special flat wire for reinforcing high-pressure containers is produced by voestalpine Wire Technology on the new rolling line for profiles. This wire must withstand the enormous forces that build up inside the high-pressure containers. According to the Organization of the German Agricultural and Food Industries, the percentage of food products preserved using the high-pressure process will increase by around 15% per year in the future.

voestalpine Wire Technology produces sophisticated wire solutions for use in the automotive, railroad, energy, construction, and mechanical engineering industries. Around 300 employees (FTE) work at the site.

Disclaimer

voestalpine AG published this content on 07 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 May 2021 16:05:07 UTC.


ę Publicnow 2021
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09/22VOESTALPINE : Our path to a green future
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09/20VOESTALPINE : increases its research budget in the current business year to EUR 185 millio..
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09/15METAL FORMING DIVISION : long live the loop
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Financials
Sales 2022 14 134 M 16 501 M 16 501 M
Net income 2022 890 M 1 039 M 1 039 M
Net Debt 2022 2 675 M 3 123 M 3 123 M
P/E ratio 2022 6,53x
Yield 2022 3,28%
Capitalization 5 816 M 6 806 M 6 790 M
EV / Sales 2022 0,60x
EV / Sales 2023 0,58x
Nbr of Employees 48 880
Free-Float 70,2%
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Mean consensus HOLD
Number of Analysts 18
Last Close Price 32,58 €
Average target price 37,43 €
Spread / Average Target 14,9%
EPS Revisions
Managers and Directors
Herbert Eibensteiner Chairman-Executive Management Board
Robert Ottel Chief Financial Officer
Joachim Lemppenau Chairman-Supervisory Board
Franz Gasselsberger Member-Supervisory Board
Josef Gritz Member-Supervisory Board
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