Voestalpine: increases its research budget for the current financial year to 185 million euros


Even in the economically difficult market environment of the 2020/21 financial year, voestalpine maintained its consistently high level of research spending with a budget of 153 million euros.

Only companies that continuously conduct research and development to stay ahead of the curve will be successful in the long run in the face of global competition. Seen in this light, our research activities are an important investment in the future viability of our Group.

Herbert Eibensteiner, Chairman of the Management Board of voestalpine AG

Sustainability at the heart of research

Voestalpine product innovations significantly contribute to sustainability in general. They include rails with extremely wear-resistant surfaces that work successfully around the world. The Group has developed ultra-high strength steels with excellent formability for light vehicle construction, one of the advantages of which is to reduce fuel consumption. Another example is additive manufacturing, an innovative and resource-efficient technology ideal for producing complex geometries without loss of material. It is used in areas such as highly complex temperature control and lightweight construction solutions, in the manufacture of tools for the automotive and consumer goods industries, and for applications in medical technology.

Resource efficiency and emissions in steel production itself are also continuously optimized. Over the past three decades, voestalpine has succeeded in reducing its CO2 emissions by around 20%. Only a radical technological transformation will allow us to further significantly reduce CO2 emissions. This is why the voestalpine group is carrying out intensive research on the progressive decarbonisation of steel production using green hydrogen, in projects such as H2FUTURE at the Linz site and SuSteel in Leoben-Donawitz.

Smart technologies create potential for new applications

Product development activities are focused on creating innovative, digital system solutions for high-turnover and technologically sophisticated industries such as mobility. They include fully digital monitoring and diagnostic systems for railway infrastructure that evaluate the data recorded by sensors to minimize downtime, delays and train downtime. Other smart voestalpine products include the ‘smart’ cold rolled steel strip which can be heated, or function as a heating element, by means of conductive tracks for sensor technology embedded in a special coating layer, and a digital vine pole that uses built-in sensors to measure the microclimate, warn of frost, and provide information on rainfall and plant diseases.

Digital products give steel a wider range of functions, opening up new areas of application. They can also offer enormous added value to our customers.

Franz Androsch, head of research for the voestalpine group

The voestalpine group

In its business lines, voestalpine is a world leading steel and technology group with a unique combination of materials and processing expertise. voestalpine, which operates globally, has around 500 Group companies and offices in more than 50 countries on five continents. It has been listed on the Vienna Stock Exchange since 1995. With its high quality products and system solutions, it is a leading partner of the automotive and consumer goods industries as well as the aerospace and oil and gas industries; it is also the world market leader in rail systems, tool steel and special profiles. voestalpine is fully committed to global climate goals and its greentec steel program represents a clear plan to decarbonize steel production. During the 2020/21 financial year, the Group generated sales of 11.3 billion euros, with an operating result (EBITDA) of 1.1 billion euros; it had approximately 48,700 employees worldwide.

Disclaimer

voestalpine SA published this content on September 20, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on September 20, 2021 08:21:00 AM UTC.

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Analyst Recommendations on VOESTALPINE AG
Sales 2022 14 164 million
16,592 million
16,592 million
Net income 2022 886 million
1,038 million
1,038 million
Net debt 2022 2,675 million
3,133 million
3,133 million
PER 2022 ratio 6.98x
Yield 2022 3.08%
Capitalization 6,191 million
7,267 million
7 252 million
VE / Sales 2022 0.63x
VE / Sales 2023 0.61x
Number of employees 48,880
Free float 70.2%

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€ 34.68

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Spread / Average target 8.24%

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