Voestalpine Maps Out Kindberg Severance Deal While One-Off Gains Flatter First Half
Published on 11/15/2026 at 06:30 | Editorial boerse-global.de
Voestalpine is scouting vacancies across its own group and among regional employers to place the roughly 150 workers affected by the planned shutdown of posts at its Kindberg tube plant, with a social plan now expected to be finalised by the end of November. Talks with the works council over the package began on Tuesday, according to APA.
The job reductions at Voestalpine Tubulars, announced on Monday and slated to run through the end of March 2027, stem from additional US tariffs on the seamless tubes turned out in Kindberg. The company also pointed to tough conditions in alternative markets in the Middle East.
Those same temporary US duties featured in the group's guidance revision on Wednesday, alongside the ongoing war in the Middle East, higher energy and logistics costs and delayed energy projects. Voestalpine now expects EBITDA of EUR 1.60bn to EUR 1.70bn for 2026/27, trimming the top end from EUR 1.85bn while leaving the floor untouched.
Should investors sell immediately? Or is it worth buying Voestalpine?
One-offs Lift the Half-Year
First-half figures for 2026/27 showed EBITDA of EUR 846m, up 17.1% on a Reuters report, on revenue of EUR 7.7bn. EBIT came in at EUR 470m and net profit at EUR 290m, a 46% increase. Roughly EUR 100m of positive one-off items propped up both EBITDA and EBIT, the company said.
Analysts read the release as a negative for the shares even as they kept their buy ratings. UBS reaffirmed its buy call and a EUR 64.00 price target on Thursday, flagging the guidance cut. Deutsche Bank Research also stuck with its buy recommendation and a EUR 63.00 target, but lowered its EBITDA estimates for the 2027 to 2029 financial years by 3–7%, citing heavier-than-expected energy and logistics costs and the US tariffs.
The stock shed 2.0% in Friday trading. Voestalpine is due to report third-quarter 2026/27 numbers on 10 February 2027.
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Voestalpine Stock: New Analysis - 15 November
Fresh Voestalpine information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
