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October 07, 2008


Voestalpine wants turnover over EUR 15 billion by 2015

Reuters reported that Austrian steelmaker Voestalpine AG wants to increase turnover to more than EUR 15 billion (USD 23.59 billion) by 2015.

Mr Wolfgang Eder CEO of Voestalpine told a news conference that "Turnover will increase to over EUR 15 billion. That should be absolutely possible.”

Mr Eder also said that he expected the margin in earnings before interest and tax for the automotive division to reach at least 6% in the financial year 2007/2008, while 7% would be realistic for 2008/2009 and 8% for 2010.