VLPNF - Voestalpine - Cyclicality At Its Best
Voestalpine (OTC:VLPNF | OTCPK:VLPNY)is in more than 50 countries a leader in manufacturing, processing and developing sophisticated steel products. Especially for technology-intensive sectors like automotive, railway and aerospace.
Overview
The concern is divided into 4 divisions.
Figure 1: revenue breakdown
Source: own graphic, annual report 2017/2018
The steel division focuses on high quality steel strip and is a market leader in heavy plate for sophisticated applications as well as casings for large turbines. Voestalpine is partner for Europe’s automobile manufactures and automotive suppliers. The heavy plate is used in the energy sector under