Voestalpine Completes Strategic Divestment, Affirms Financial Outlook

Voestalpine AT0000937503

The Austrian steel group Voestalpine has finalized the restructuring of its metals division with the sale of its subsidiary Böhler Profil. This transaction concludes a prolonged strategic portfolio review for the Linz-based company. Investors responded positively to the news, driving the share price back to the €40 level in Friday's trading session.

Voestalpine has reached an agreement to sell Böhler Profil to Kadant Inc., a technology firm based in the United States. The parties signed the contract on January 29. Pending the receipt of customary regulatory approvals, the deal is anticipated to close by March 2026.

The unit, which specializes in manufacturing specialized profiles, reported annual revenue of €51.5 million. The purchase price was not disclosed. For the approximately 150 employees at the Bruckbach site in Lower Austria, the change in ownership is expected to be seamless, as Kadant will retain the workforce.

This divestment allows Voestalpine to sharpen its focus on core operations. Conversely, the acquisition expands Kadant's "Industrial Processing" segment. Over the past 15 years, Voestalpine had invested approximately €23 million into the Bruckbach facility.

• Acquirer: Kadant Inc. (USA)
• Divested Unit Revenue: €51.5 million
• Expected Closing: By March 2026
• Market Reaction: Shares rose 2.09% to €40.00

Portfolio Streamlining Concludes, Forecast Reiterated

The sale effectively marks the end of the portfolio cleanup within Voestalpine's High Performance Metals division. Alongside the announcement, company management reaffirmed its financial guidance for the broader group.

For the 2025/26 financial year, Voestalpine continues to anticipate an EBITDA (earnings before interest, taxes, depreciation, and amortization) in a range of €1.40 billion to €1.55 billion. The confirmation of this target was well-received by the market.

On the Frankfurt Xetra exchange, Voestalpine stock advanced by €0.82 to close at the round number of €40.00. Stability in the corporate bond markets further underscored investor confidence in the company's financial strength.

Management's immediate operational priority is the smooth execution of the sale process, aiming for completion before the current fiscal year ends in March. With its confirmed outlook, the board has also established a clear financial benchmark against which the success of the 2025/26 business year will ultimately be measured.