Voestalpine Ag Unsp/Adr (VLPNY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

So I would like to jump into the presentation of this first quarter, 25-26. So I think you are well aware that we are all in a very challenging environment, but Despite of that, we can present a solid result in this quota. We have a very strong financial basis, and our strategy is very robust with this global footprint and this diversified product portfolio worldwide, and we And I'm happy that I can present a good, high free cash flow in this first quarter. And we will discuss afterwards what the outlook for that is. We have reduced our net debt further to the lowest level in the last decade, and that means that we are working on basis of a very strong balance sheet. And when you look at the at the market where we are in and was positive in this first quarter, and I think that we will also see in the forecast that this will be very stable, is this upward trend in railway systems, also a good demand in aerospace, and also Very, very good and still and we are already fully booked for this year and we are working on the order book next year is this hybrid warehouse business with very good demand. Stable is automotive components in mechanical engineering and building industry that on a actual but low labor, and that's the reason why we decided to reorganize some businesses. Most affected is automotive components and high-performance metals, but we do also efficiency programs in the other. in the other divisions and this is what we can do to have the plan that we take the opportunity to adapt to a new situation and gain efficiency in all our businesses. Number of employees dropped to 49,600. And let me give you some example what was happened in this quarter. You may remember when we talk about railway systems in the past, we produce rails. We are world market leader in tu...