Austrian steel group voestalpine will publish the results fort he first quarter of 2012 on August 7th 2012.

Analysts of Credit Suisse, Kepler Kapital Markets and Erste Group expect a substantial decrease in net income. On average, a decrease of 41.7% is forecasted. Thus, voestalpine's net income should reach about EUR 111 million. voestalpine's estimated revenues reach EUR 3.02 billion. This would mean a reduction of 1.1% against the first quarter of 2011.

Analysts said that regarding the operating income, a decline of 20% is anticipated. This is mainly due to falling steel prices. EBIT should fall by 30% to EUR 221 million. Compared to other steel producers, voestalpine's performance would be still remarkable. According to Erste Group, the development in the first was relatively good.

Source - Friedl Business Information GmbH

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