voestalpine wins EUR 470 million Rail Baltica order
Framework agreements cover supply of high-tech turnouts and digital monitoring systems, up to 1,000 units, with production in Lithuania and Latvia and prototypes delivered from 2027.
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Steel and technology group
voestalpine.comLast updated
In short: voestalpine reported a significant profit jump of nearly 138% to €424 million and secured major rail and aerospace contracts worth over €1.5 billion.
Framework agreements cover supply of high-tech turnouts and digital monitoring systems, up to 1,000 units, with production in Lithuania and Latvia and prototypes delivered from 2027.
EBITDA rose to EUR 1.5 billion, EBIT up 59%, and free cash flow strong at EUR 537 million.
14,600 tons of steel installed. Produces 850,000 tons of CO₂-reduced steel yearly from 2027.
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Voestalpine's shift to smart rail systems drove a 59% profit jump and €470M Baltic contract, while EU trade policies strengthen its competitive positioning.
Vienna, June 16 (Reuters) - The Linz-based steel and technology group Voestalpine has secured a major order worth around 470 million euros for the European...
voestalpine Railway Systems has received its largest single order to date, worth 470 million euros, for the European infrastructure project Rail Baltica. The company announced...
The expansion of the EU carbon border mechanism gives Voestalpine a competitive advantage over imports from third countries.
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