Voestalpine AG (VLPNY.PK), a steel-based technology and capital goods group, Wednesday reported earnings before interest and tax or EBIT of 569.3 million euros for the full year, significantly lower than 1.6 billion euros in the previous year, primarily due to lower revenue and impairment losses of about 428 million euros.
Earnings before interest, taxes, depreciation, and amortization or EBITDA was 1.7 billion euros, down from 2.5 billion euros a year ago.
Profit before tax was 383.4 million euros, while net profit stood at 207.1 million euros or 0.59 euros per share.
Revenue for the year declined to 16.7 billion euros from 18.2 billion euros last year.
The company's Board has recommended a dividend of 0.70 euros per share.
Looking ahead, Voestalpine expects EBITDA in the range of 1.7 billion euros to 1.8 billion euros for fiscal 2024-'25.
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