Business Credit Business Travel Franchising Personal Finance Sales & Selling Technology Women in Business Careers E-Commerce & Internet Finance & Accounting Labor & Employment Management Marketing & Advertising Operations Starting a Business > See All

by Title A-H by Title I-P by Title Q-Z > See All

Business Intelligence Small Business Blog Business Planning E-Commerce & Internet Finance & Accounting Home-Based Business Human Resources & Employment Management & Leadership Marketing & Advertising Operations Sales Technology Women in Business > See All

Hiring & Firing Intellectual Property Internet & Technology Legal Mergers & Acquisitions Money & Fundraising Real Estate/Landlord-Tenant Sales & Marketing Starting a Business Business Guides Forms Kits > See All

Construction Medical Practices Restaurants Retail Trade Manufacturing Real Estate Wholesale Trade > See All

Accounting Advertising & Marketing Computers & Software Financial Services Human Resources Internet & Online Management Small Business > See All

Business Exchange Business Answers Buyer's Guides Franchise Opportunities Glossary White Papers Trials & Downloads Partner Resources Podcast Library Quote Center Video Library Web Site Tools > See All

First quarter slump for voestalpine. (world news).

Date: Sunday, September 1 2002

Austrian steelmaker voestalpine posted a worse-than-expected slump in first-quarter operating profit to weak steel prices but said new acquisitions could significantly boost full-year profits.

First quarter operating profit fell 35% to 41.2M [euro], but the firm said full-year 2002/2003

earnings before interest and tax (EBIT) could reach 200M [euro] compared with 159.5M [euro] previously. Net profit in the three months to June 30 fell to 10.5M [euro] from 31.4M [euro] in the year-ago period on sales that rose to 972.1M [euro] from 835.5M [euro].

The firm said steel prices, which were more than 7% lower than in the comparable period last year, had bottomed out and begun to recover but added that the impact of the recovery would predominantly be felt in the second quarter.

In a letter to shareholders, the firm clarified its aim to increase full-year profit "significantly" by saying strong performances from its railway and profiles divisions, and a boost from its motion division, would lift profits to some 200M [euro].

Source: Reuters

In addition, make sure to read these articles:

Income Statements for Small Businesses

One of the most common and important documents will be your income statement. Also called a profit and loss statement, this document provides you with ......

DVDINSIDER: Amazon.com Announces First Billion-Dollar Quarter.

Lab Instrument Sales Index: double-digit rise in 2002.

Fourth quarter 2002 revenues for the Laboratory Instrument Sales Index showed surprisingly impressive sales growth of 12.3% to $3,163.3 million. However, operating profits for the ......

AvestaPolarit sees better 2002. (world news).

Despite the sluggish world economy, demand in stainless steel markets grew in 2002 following a decline in 2001. The first half of the year saw ......

Arcelor: 2003 First Half Results; Good Results Despite a Mediocre and Deteriorating...

Business Editors LUXEMBOURG--(BUSINESS WIRE)--Aug. 28, 2003 Arcelor Group (Paris Exchange: CELR.PA) -- Net profit, Group share, of EUR 358 million at June 30, 2003 -- ......

Severstal consolidation. (world news).

Severstal, Russia's second largest steel producer, says its newly consolidated businesses will increase its operating margins in 2002-3 due to higher steel prices and improved ......

EU steel prices under threat as customers stop buying.

European steel prices across the board showed declines in March--a development that has come as a surprise to those who were expecting the first few ......

Arcelor: Higher 2003 Financial Results; Strong Reduction of Net Debt.

Business Editors LUXEMBOURG--(BUSINESS WIRE)--Feb. 19, 2004 For its second fiscal year, Arcelor (Paris Exchange: CELR.PA) reports results in significant progression (Gross Operating Result: 2.2 billion ......

2004 Annual Results; Record Results: EUR 2.3 Billion Net Profit.

LUXEMBOURG -- Arcelor-- --Dividend of 0.65 euros per share --Successful expansion in Brazil --Debt reduced by EUR 2.0 billion Arcelor reports record results with ......

Dada 9 Month 2006 Revenues Increase Year on Year by 72.6% to Euro 80.1 Million ($102.8...

International Business Accounts for 38% of Total Revenue FLORENCE, Italy -- Dada S.p.A. (MTAX STAR Segment of the Italian Stock Exchange: DA.MI), an international leader ......

Corus to sell aluminium operations. (world news).

The Anglo-Dutch Corus Group will divest of its aluminium operations in a move away from its `multi-metals' strategy. The announcement came as the group revealed ......

Managing trade risk.

In the present climate of growing steel prices, stockists expose themselves to a greater risk of bad debt as customers reach their credit limits before ......

Operating profit growth slows for smaller companies.

Affymetrix second quarter sales grew 5.5% to $84.1 million. Operating income slipped 9.3% to $8.6 million due to a 17% increase in R&D expenses. GeneChip ......

Arcelor Posts Strong First Quarter Results Confirming Targets of Its Value Plan.

LUXEMBOURG -- Arcelor (Pink Sheets:ARLOF) (BOURSE:LOR) (ISIN:LU0140205948): --Strong 1st quarter results confirm consistency of business model --Buoyant demand since end of Q1 with strong ......

Construction Steel Prices on the Rise

Study shows unprecedented surges will have a dramatic trickle-down impact on the hospitality industry ......

T T T

Digg It

del.icio.us

Related Resources

Press Releases

The Christian Dior Group Announces Strong Profit Growth for 2003; Operating Profit of Dior Couture up 21%.

Business Editors PARIS--(BUSINESS WIRE)--March 4, 2004 The Christian Dior Group recorded 2003 operating profit growth of 9 % to EUR 2,213 million. Group share of ......

Nissan Announces 84% Increase in Operating Profit; NISSAN 180 Achieves 10.6% Operating Margin.

Business Editors & Automotive Writers TOKYO--(BUSINESS WIRE)--Oct. 23, 2002 Nissan Motor Company announced today that it expects to report an 84% increase in operating profits ......

ENDESA First Half 2004 Consolidated Results; Net Profit Was Euro 789 Million in January-June 2004.

MADRID, Spain -- ENDESA (NYSE:ELE): -- OPERATING PROFIT TOTALLED EURO 1,790 MILLION, AN INCREASE OF 9% VS THE OPERATING PROFIT OBTAINED ON THE FIRST HALF ......

First quarter slump for voestalpine. (world news).

In addition, make sure to read these articles:

Related Resources

Press Releases

Business Resources

Sponsored Links