Voestalpine to Cut 150 Kindberg Jobs as US Pipe Tariffs Weigh on Outlook
Published on 11/13/2026 at 18:11 | Editorial boerse-global.de
Voestalpine is preparing to shed roughly 150 positions at its Kindberg site by the end of March 2027, with the company pointing to additional US tariffs on the seamless steel pipes turned out there. The restructuring at the voestalpine Tubulars operation surfaced in media reports, and management has since confirmed a capacity adjustment at the site to the Oberösterreichische Nachrichten.
The tariff burden is only part of the story. Difficult sales markets are compounding the pressure, and reporting earlier in the week flagged that alternative outlets in the Middle East are proving hard going as well. Talks with the works council are meant to produce a social plan for affected employees by the end of November 2026.
Guidance Ceiling Comes Down
Those same US duties feature among the burdens Voestalpine cited on Wednesday when it trimmed its full-year outlook. The group also pointed to higher energy and logistics costs stemming from the Middle East war and to postponed energy projects in the crisis region, alongside preliminary additional US tariffs.
For the 2026/27 financial year, management now expects EBITDA of EUR 1.60–1.70 billion, down from a previous range of EUR 1.60–1.85 billion.
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The half-year figures released the same day cut in the opposite direction. Revenue was broadly flat at EUR 7.7 billion, while profit after tax climbed 46% — or 46.1% as reported — to EUR 290 million. EBIT advanced to EUR 470 million from EUR 345 million a year earlier, and EBITDA for the six months reached EUR 846 million.
Analysts Split on the Target Price
The research community responded along two tracks. BNP Paribas lowered its price target to EUR 41.50 from EUR 46 while keeping a "Neutral" rating, holding to its assessment but marking the stock down. UBS, by contrast, reaffirmed "Buy" and a EUR 64.00 target, though it called the results negative for the shares and pointed to the guidance cut. Deutsche Bank Research also stuck with "Buy" and a EUR 63.00 target, even as it trimmed its EBITDA estimates for 2027 through 2029 by 3–7%, citing energy and logistics costs and US tariffs biting harder than previously assumed.
Voestalpine shares were down 2.8% on the day.
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Third-quarter figures for 2026/27 are scheduled for release on 10 February 2027.
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