Peter Fleischer
Head of Investor Relations
Replay available
Voestalpine Ag Unsp/Adr (OTC: VLPNY) Q1 2026 earnings conference call, held 2025-08-06. Replay captured from the company's public earnings webcast.

Head of Investor Relations
Chief Executive Officer
Analyst, Barda Bank
Analyst, Bank of America
Analyst, Barclays
Analyst, Morgan Stanley
Analyst, BNP Paribas
Chief Financial Officer
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WEBVTT 00:00:00.031 -- 00:00:03.659 So I would like to jump into the presentation 00:00:03.659 -- 00:00:09.667 of this first quarter, 25-26. So 00:00:10.032 -- 00:00:14.582 I think you are well aware that we are all 00:00:14.582 -- 00:00:16.666 in a very challenging 00:00:16.666 -- 00:00:20.049 environment, but 00:00:20.129 -- 00:00:25.526 Despite of that, we can present a solid 00:00:25.526 -- 00:00:28.354 result in this 00:00:28.354 -- 00:00:30.354 quota. 00:00:32.026 -- 00:00:35.732 We have a very strong financial 00:00:35.732 -- 00:00:37.534 basis, 00:00:37.534 -- 00:00:40.339 and our strategy 00:00:40.339 -- 00:00:45.406 is very robust with this global footprint and this 00:00:45.406 -- 00:00:47.109 diversified 00:00:47.109 -- 00:00:53.288 product portfolio worldwide, and we 00:00:53.288 -- 00:00:57.056 And I'm happy that I can present a 00:00:57.056 -- 00:01:02.347 good, high free cash flow in this first quarter. 00:01:02.347 -- 00:01:07.537 And we will discuss afterwards what the outlook for 00:01:07.537 -- 00:01:12.665 that is. We have reduced our 00:01:12.665 -- 00:01:18.273 net debt further to the lowest level in the 00:01:18.273 -- 00:01:24.281 last decade, and that means that we are working on basis 00:01:24.281 -- 00:01:29.628 of a very strong balance sheet. And when you look 00:01:29.628 -- 00:01:32.958 at the at the market 00:01:32.958 -- 00:01:38.166 where we are in and was positive in this first quarter, and I think 00:01:38.166 -- 00:01:39.808 that 00:01:39.808 -- 00:01:42.451 we will also see in the 00:01:42.451 -- 00:01:47.638 forecast that this will be very stable, is 00:01:47.638 -- 00:01:49.982 this upward trend 00:01:49.982 -- 00:01:55.830 in railway systems, also a good demand in aerospace, 00:01:55.830 -- 00:01:58.190 and also 00:01:58.561 -...