Development of the key figures
of the voestalpine Group

In the first quarter of 2026/27, the voestalpine Group increased its revenue by 2.4% from EUR 3,901.5 million in the prior year to EUR 3,994.4 million. The High Performance Metals Division recorded the strongest growth, driven by an improved product mix and generally higher price levels. While the Steel Division and the Metal Forming Division also increased their revenue year-over-year, revenue in the Metal Engineering Division was slightly below the prior-year level in the current reporting quarter, primarily due to the challenging market environment in the Tubulars product segment.

EBITDA for the voestalpine Group increased by 37.0% from EUR 361.2 million (margin: 9.3%) in the first quarter of 2025/26 to EUR 495.0 million (margin: 12.4%) in the first quarter of 2026/27. The increase was particularly pronounced in the High Performance Metals Division. In addition to the sustained positive effects from the initiated cost-cutting and efficiency programs, earnings performance in the first quarter of 2026/27 was significantly influenced by one-off positive and negative extraordinary effects in the High Performance Metals Division, particularly from the sale of voestalpine BÖHLER Profil and from the continued reorganization measures. Overall, EBITDA for the first quarter of 2026/27 includes approximately EUR 100 million in one-off effects. The Steel Division and the Metal Forming Division also posted an increase in EBITDA in the current reporting quarter. By contrast, EBITDA in the Metal Engineering Division was slightly weaker in the first quarter of 2026/27 as a result of challenging conditions in the Tubulars product segment. EBIT increased by 78.8% year-over-year, from EUR 171.5 million (margin: 4.4%) in the first quarter of 2025/26 to EUR 306.6 million (margin: 7.7%) in the first quarter of 2026/27.

The net financial result (financial income minus financial expenses) improved to EUR −28.0 million in the first quarter of 2026/27, compared with EUR −32.8 million in the first quarter of 2025/26. Earnings before taxes more than doubled from EUR 138.7 million in the prior year to EUR 278.6 million in the current reporting period. Based on an effective tax rate of 29.6% (previous year: 23.4%), profit after tax for the first quarter of 2026/27 amounted to EUR 196.2 million, representing an increase of 84.6% compared with EUR 106.3 million for the first quarter of 2025/26.

The voestalpine Group’s equity increased both year-over-year and compared with the balance sheet date of March 31, 2026. At EUR 8,030.5 million, equity as of June 30, 2026, rose by 6.8% compared with the figure as of June 30, 2025 (EUR 7,517.8 million) and by 2.9% compared with the balance sheet date of March 31, 2026 (EUR 7,800.6 million). The reduction in net financial debt continued unabated during the current reporting period. Year-over-year, the voestalpine Group achieved a 28.7% reduction, from EUR 1,456.8 million as of June 30, 2025, to EUR 1,038.0 million as of June 30, 2026. Compared with the figure of EUR 1,263.7 million as of the balance sheet date of March 31, 2026, net financial debt decreased by 17.9%. In addition to the consistent reduction in net working capital, the sale of BÖHLER Profil in the first quarter of 2026/27 made a significant contribution to the further reduction of the voestalpine Group’s debt. Given the significantly higher investment requirements in recent years to support the gradual transition to green steel production, this development is particularly noteworthy. It underscores voestalpine’s strong internal financing capacity, even during a phase of temporarily increased investment activity.

The voestalpine Group’s headcount (FTE, full-time equivalent) decreased by 1.8% year-over-year, from 49,551 as of June 30, 2025, to 48,641 as of June 30, 2026. The decline is primarily due to reorganization measures in the High Performance Metals Division and the Automotive Components business unit of the Metal Forming Division.

Net financial debt can be broken down as follows: