Voestalpine (VOE) Q4 2026 earnings summary

Executive summary

• Achieved strong performance and significant earnings growth in a challenging macroeconomic environment, driven by robust strategy, active reorganization, and high demand in railway infrastructure, aerospace, and warehouse technology.

• Strategy focused on decarbonization, value-added growth, efficiency, and portfolio optimization.

• Workforce totaled 48,800 FTE, with a proposed dividend of €0.75 per share, up from €0.60.

Financial highlights

• Revenue declined by 4.3% to €15.063 billion, mainly due to lower raw material prices and the sale of Buderus Edelstahl.

• EBITDA rose 10.3% to €1,486 million, with margin improving to 9.9%; EBIT increased 59% to €724 million.

• Profit after tax more than doubled to €424 million (+137.6%).

• Free cash flow reached €537 million, up from €300 million prior year; net debt reduced by €400 million.

Outlook and guidance

• EBITDA guidance for 2026/27 set at €1.6–1.85 billion, reflecting ongoing geopolitical and economic uncertainty.

• Positive momentum expected in Railway Systems, Aerospace, and Warehouse & Rack; Automotive and mechanical engineering remain challenging.

• European steel market expected to benefit from CBAM and EU post-safeguard measures.