---
title: "voestalpine AG expansion of truck frame production in Indiana, USA; 70m€ investment and long-term OEM contracts"
sdDatePublished: "2026-08-06T09:13:00Z"
source: "https://www.voestalpine.com/group/static/sites/group/.downloads/en/share/grouppresentation/2026-27-q1-financial-year-presentation.pdf"
topics:
  - name: "business reporting and performance"
    identifier: "medtop:20001365"
  - name: "manufacturing and engineering"
    identifier: "medtop:20000294"
  - name: "energy industry"
    identifier: "medtop:20000261"
  - name: "railway transport"
    identifier: "medtop:20000340"
  - name: "automotive"
    identifier: "medtop:20000296"
  - name: "international trade"
    identifier: "medtop:20000373"
  - name: "environmental policy"
    identifier: "medtop:20000423"
  - name: "air transport"
    identifier: "medtop:20000338"
  - name: "iron and steel"
    identifier: "medtop:20000319"
locations:
  - "Ontario"
  - "Indiana"
  - "Linz"
  - "Austria"
  - "Brazil"
  - "United States"
  - "China"
  - "Canada"
---


voestalpine AG expansion of truck frame production in Indiana, USA; 70m€ investment and long-term OEM contracts

voestalpine AG
www.voestalpine.com
Q1 2026/27
Analyst & Investor Meeting, August 5, 2026

|
| 08/05/2026
2
Investor Relations
Solid earnings and free cash flow
in an environment characterized
by significant uncertainty,
supported by a robust strategy
Continued strong momentum
in Railway Systems and
Aerospace, positive
development in Warehouse &
Rack Solutions
Employees (FTE):
Reduced to 48,640
Disciplined reorganization and
portfolio optimization,
completion of the sale of
BÖHLER Profil
Construction, mechanical
engineering, and consumer
goods industries remain at a low
level, mixed development in the
automotive industry
greentec steel project on time
and on budget. Ramp-up in first
half of 2027

|
| 08/05/2026
3
Investor Relations
Asia / China
Positive economic performance,
growth driven by exports, with the
domestic economy showing limited
development
Europe
Weak economic
momentum, trade policy
opportunities
North America / USA
Economy continues to grow,
with private consumption and
AI investments as a key driver
South America / Brazil
Moderate economic growth,
U.S. tariffs, and increased
Chinese imports are weighing
on the market
14%
of revenue*
3%
of revenue*
65%**
of revenue*
Rest of world:
10% of revenue*
8%
of revenue*
* as of BY 2025/26
** EU

|
|
LOCAL-FOR-LOCAL STRATEGY
SUCCESSFULLY CONTINUED
08/05/2026
4
Investor Relations
Expansion of truck frame
production in Indiana, USA
»
Manufacturing of high-
quality truck frames
»
Long-term contracts with
established OEMs
»
Investment: 70 m€
Railway Systems major order
and expansion
»
Rail Baltica: 470m€
»
Expansion of production
in Ontario:
»
Long-term contract with
Canadian National
»
Direct access to
Canadian market
mitigates trade risks

|
| 08/05/2026
5
Investor Relations
greentec steel ACCORDING TO PLAN
One electric arc furnace (EAF) in both Linz
and Donawitz
1.5 bn€ investment
on time & on budget
30% reduction in CO2 emissions*
Replacement of another blast
furnace at each of the sites in Linz
and Donawitz
(50%* of CO2 emissions)
Objective: net zero CO2 emissions
from
2027
by
2029
from
2030
by
2050
* Scope 1 and Scope 2 emissions compared to the reference year 2019

|
|
6

April
2027
Ramp-up of EAF—expansion phase 1
From
2027
Replacement of first blast furnace.
EAF—start of expansion phase 2*
Investment volume: 100 m€
From
2030
Complete conversion to electric steel
production
Reduction of CO2 emissions by over 90%
(base year 2019)
*Subject to clarification of unresolved funding issues
2030
Shut down of second blast furnace and
sintering plant
greentec steel in Donawitz
08/05/2026
Investor Relations

|
| 08/05/2026
7
Investor Relations
DEVELOPMENT OF THE
DIVISIONS

|
| 08/05/2026
STEEL DIVISION
Q1 BY 2026/27
» Business development
»
Resilient Q1 performance supported by strong premium positioning
»
Subdued demand from construction, mechanical engineering, and
energy industries
»
Stable deliveries to automotive industry, driven by high product
quality, delivery reliability and stable logistics resulting in market share
gains
» Current situation & outlook
»
Weak European demand partly offset by new EU safeguard measures
and CBAM. Positive signal from ETS reform proposal (incl. delayed free
allowance roll-off), but further improvements needed
»
Temporary pricing stagnation from inventory build-up and front-
loaded imports, further positive pricing momentum anticipated in the
second half of the business year
»
Logistical challenges well managed
»
greentec steel transformation progressing as planned, ramp-up in the
first half of the calendar year 2027
in millions of euros
1,531
REVENUE
Q1 BY 2026/27
218
EBITDA
Q1 BY 2026/27
14.3%
EBITDA
margin
Q1 BY 2026/27
153
EBIT
Q1 BY 2026/27
10.0%
EBIT
margin
Q1 BY 2026/27
Investor Relations
8
1,530
Q4 2025/26
236
Q4 2025/26
15.4%
Q4 2025/26
172
Q4 2025/26
11.2%
Q4 2025/26

|
| 08/05/2026
HIGH PERFORMANCE METALS DIVISION
Q1 BY 2026/27
» Business development
»
Stable but subdued tooling markets in Europe and North America;
solid demand in China and slightly improved demand in South
America
»
Medtech, food & beverage and mining showed solid demand and
supported overall business stability
»
Strong momentum in aerospace & power industries, driven by global
demand
»
Reorganization projects progressing according to plan, successful
sale of BÖHLER Profil
» Current situation & outlook
»
Economic uncertainty, competitive pressure and U.S. trade measures
continue to weigh on markets
»
Slight market improvement, Aerospace strong
in millions of euros
Investor Relations
9
742
REVENUE
Q1 BY 2026/27
167
EBITDA
Q1 BY 2026/27
22.5%
EBITDA
margin
Q1 BY 2026/27
130
EBIT
Q1 BY 2026/27
17.5%
EBIT
margin
Q1 BY 2026/27
745
Q4 2025/26
65
Q4 2025/26
8.7%
Q4 2025/26
20
Q4 2025/26
2.7%
Q4 2025/26

|
| 08/05/2026
METAL ENGINEERING DIVISION
Q1 BY 2026/27
» Business development
»
Stable performance driven by the continuously robust Railway
Systems business
»
Mixed development in Industrial Systems business units:
»
Tubulars significantly impacted by U.S. tariffs, project delays
and postponements due to the conflict in the Middle East
»
Wire business challenging with subdued demand in automotive,
construction and mechanical engineering industries
»
Welding overall stable with regional differences
» Current situation & outlook
»
Overall positive development in Railway Systems
»
Industrial Systems remains affected by weak investment activity,
regional competition and tariff-related challenges
»
greentec steel transformation progressing as planned, ramp-up in
the first half of the calendar year 2027
Investor Relations
10
1,048
REVENUE
Q1 BY 2026/27
91
EBITDA
Q1 BY 2026/27
8.7%
EBITDA
margin
Q1 BY 2026/27
44
EBIT
Q1 BY 2026/27
4.2%
EBIT
margin
Q1 BY 2026/27
in millions of euros
966
Q4 2025/26
105
Q4 2025/26
10.9%
Q4 2025/26
58
Q4 2025/26
6.0%
Q4 2025/26

|
| 08/05/2026
METAL ENGINEERING DIVISION
BUSINESS UNIT RAILWAY SYSTEMS
Q1 BY 2026/27
» voestalpine Railway Systems is a leading global provider of
integrated railway infrastructure solutions covering track systems,
turnout systems, fixations, signaling, digital monitoring and
services
» Low-cyclical business supported by recurring maintenance and
renewal activities, generating the majority of revenues
» Record Rail Baltica contract (c. 470m€) confirms strong market
position
» Positive mid-term market outlook with a strong order backlog
covering a significant share of BY 2026/27 and beyond
Investor Relations
11
583
REVENUE
Q1 BY 2026/27
60
EBITDA
Q1 BY 2026/27
10.3%
EBITDA
margin
Q1 BY 2026/27
44
EBIT
Q1 BY 2026/27
7.6%
EBIT
margin
Q1 BY 2026/27
in millions of euros
488
Q4 2025/26
52
Q4 2025/26
10.6%
Q4 2025/26
36
Q4 2025/26
7.4%
Q4 2025/26

|
| 08/05/2026
METAL FORMING DIVISION
Q1 BY 2026/27
» Business development
»
Automotive Components continued to face a challenging market
environment, while reorganization measures remained a strategic
priority
»
Tubes & Sections confronted with challenging market environment in
North America and continued weak demand in UK’s construction
industry
»
Precision Strip with robust demand, exceeding prior-year level
»
Warehouse & Rack Solutions strong
» Current situation & outlook
»
Automotive Components faces weak market environment, positive
effects of reorganization measures
»
Warehouse & Rack Solutions is expected to remain strong
Investor Relations
12
809
REVENUE
Q1 BY 2026/27
62
EBITDA
Q1 BY 2026/27
7.7%
EBITDA
margin
Q1 BY 2026/27
28
EBIT
Q1 BY 2026/27
3.4%
EBIT
margin
Q1 BY 2026/27
in millions of euros
805
Q4 2025/26
79
Q4 2025/26
9.8%
Q4 2025/26
41
Q4 2025/26
5.1%
Q4 2025/26

|
| 08/05/2026
13
Investor Relations
Q1 2026/27
FINANCIAL OVERVIEW

|
| 08/05/2026
14
Investor Relations
FINANCIAL OVERVIEW
Q1 2025/26
Q1 2026/27
Delta
in %
Revenue
3.902
3.994
2,4
EBITDA
361
495
37,0
EBITDA margin
9,3 %
12,4 %
EBIT
172
307
78,8
EBIT margin
4,4 %
7,7 %
Profit before tax
139
279
100,9
Profit after tax*
106
196
84,6
* Before deduction of non-controlling interests.
Comments on delta YoY:
Revenue
»
Increases in Steel Division, High Performance Metals
Division and Metal Forming Division, slight decrease
in Metal Engineering Division
Operational results
»
Positive one-off effect from the sale of BÖHLER Profil
»
Operational improvements in Steel Division, High
Performance Metals Division and Metal Forming
Division
»
Decrease in Metal Engineering due to changed U.S.
trade policy compared with Q1 2025/26
Profit before tax
»
Finance costs decreased due to lower net debt
in millions of EUR

|
| 08/05/2026
15
Investor Relations
YoY DEVELOPMENT EBITDA
Key financial metrics above
prior-year level
Price / Raw Materials
» Increase in gross margin due to
better prices and lower raw
material costs
Miscellaneous
» Positive one-off effect from the
sale of BÖHLER Profil
» Continued reorganization
measures in the High
Performance Metals Division
in millions of euros
361
41
28
6
59
495
Q1
BY 2025/26
Price
Raw
materials
Mix/Volume
Misc.
Q1
BY 2026/27

|
|
361
29
114
-11
11
-9
495
Q1 BY
2025/26
Steel
HPM
Metal
Engineering
Metal
Forming
Holding &
misc.
Q1 BY
2026/27
in millions of euros
08/05/2026
16
Investor Relations
YoY DEVELOPMENT EBITDA
DIVISIONS
Steel Division
»
Increase in gross margin due to higher
revenues and lower costs
High Performance Metals Division
»
EBITDA for Q1 2026/27 includes approx.
100 m€ in net positive one-off effects
Metal Engineering Division
»
Robust development in Railway Systems
»
Challenging market conditions for Tubulars
Metal Forming Division
»
Persistently challenging market environment
for Automotive Components, cushioned by
cost-cutting measures

|
| 08/05/2026
17
Investor Relations
CASH FLOW ON HIGH LEVEL
in millions of euros
Q1 2025/26
Q1 2026/27
Cash flow from results
363
300
Changes in net working capital
81
44
Cash flow from operating
activities
444
344
Cash flow from investing activities
-256
-120
Free Cash Flow
188
224
»
Solid earnings performance
supports positive operating cash
flow
»
Further reduction of net working
capital
»
Cash flow from investing activities
includes the sale of BÖHLER Profil
(amounting to ~150 m€)

|
| 08/05/2026
18
Investor Relations
SOLID BALANCE SHEET STRUCTURE PROVIDES FLEXIBILITY
2.978 3.080 3.221
2.995 3.125
3.775
2.743
2.291
1.661 1.651 1.650
1.264
1.038
58%
54%
53%
46%
47%
67%
49%
32%
22%
22%
22%
16%
13%
2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26
Q1
26/27
Net financial debt (m€)
Gearing ratio (%)
Solid equity base
as of 2026/06/30:
» Equity: 8.0 bn€
» Equity ratio: 51 %
Low debt level
 as of 2026/06/30:
» Gearing ratio: 13 %
» Net debt / EBITDA: 0.6

|
| 08/05/2026
19
Investor Relations
OUTLOOK

|
|
20
»Outlook unchanged despite ongoing geopolitical and trade-related uncertainties. Consistent execution of our
strategy supports resilience
»European steel market conditions expected to improve, supported by CBAM, new EU safeguard measures and a
gradually normalizing inventory situation
»Positive signal from ETS reform proposal, but further improvements needed
»Reorganization measures in High Performance Metals and Automotive Components expected to further
strengthen earnings performance
»Positive contribution from the flat steel automotive business, while Automotive Components continues to face
challenging demand conditions
»Subdued market environment in Tubulars and Wire. Middle East tensions delay energy projects
»Railway Systems, Aerospace and Warehouse & Rack Solutions remain strong
Guidance for BY 2026/27: EBITDA expected in a range between 1.6 bn€ and 1.85 bn€
OUTLOOK
08/05/2026
Investor Relations

www.voestalpine.com
voestalpine AG
Q & A
Analyst & Investor Meeting
Q1 BY 2026/27

www.voestalpine.com
voestalpine AG
INVESTOR RELATIONS
Dino Malkic
T. +43/50304/15-2558
dino.malkic@voestalpine.com
Gerald Resch
T. +43/50304/15-3152
gerald.resch@voestalpine.com