The Metal Forming Division of the voestalpine Group is responding to structural changes and falling customer demand in the automotive sector by reorganizing its Automotive Components locations in Germany. In future, the plants in Dettingen, Schmölln, Schwäbisch Gmünd, and Böhmenkirch will form a joint production network, with each contributing their specialist technology and product knowledge. Operations in Birkenfeld will be discontinued subject to the outcome of negotiations with the Works Council and IG Metall. The aim of these measures is to secure the future of the automotive supply segment of the Metal Forming Division in the long term, and with it around 2,000 jobs in Germany. The expected financial impact of the reorganization has already been communicated and is included in our earnings forecast for the ongoing BY 2024/25 (EUR 1.4 billion EBITDA).

Results of the first half of business year 2024/25 below market expectation because of one-off effects, furthermore economic downturn requires adjustment of the earnings forecast for the full business year 2024/25

voestalpine posts solid result and a significant increase in operating cash flow in Q1 2024/25 in a difficult market environment

voestalpine ends business year 2023/24 with solid operating results and pioneering projects

voestalpine plans to sell Buderus Edelstahl and reorganizes Automotive Components business in Germany resulting in one-off write-downs of around EUR 410 million

Economic slowdown impacts voestalpine earnings for Q3 2023/24