Voestalpine Secures Landmark Order for Automated Warehouse Systems

Voestalpine AT0000937503

Austrian steel and technology group Voestalpine has announced a record-breaking single order for its high-bay warehouse systems division, marking a strategic milestone. The contract, valued at approximately €41 million, was awarded by a leading Turkish logistics provider and will see Voestalpine supply steel profile systems for a new sports equipment logistics hub in Istanbul.

The landmark order comes against a backdrop of mixed financial results for the company. For the first half of the 2025/26 fiscal year, Voestalpine reported revenue of €7.59 billion. This figure represents a 5.6% decline compared to the same period the prior year.

However, profitability metrics showed resilience. Pre-tax earnings advanced by 12% to reach €278 million, while net profit after tax rose 8.6% to €199 million. This trend of declining revenue but improving earnings sets the stage for the company's upcoming quarterly report.

Key Financial Data (H1 2025/26):
* Revenue: €7.59 billion (-5.6% year-on-year)
* Pre-Tax Earnings: €278 million (+12%)
* Net Profit: €199 million (+8.6%)
* Next Reporting Date: 11 February (Q3 2025/26 figures)

Project Details and Strategic Importance

Scheduled for completion in April 2027, the Istanbul facility is a significant engineering undertaking. The high-bay warehouse will stand nearly 40 meters tall, with dimensions of 222 meters in length and 86 meters in width, covering a total floor area of around 19,000 square meters. The project also includes an automated small-parts warehouse. Voestalpine describes the planned installation as one of the most capable storage solutions in the region.

The project will be managed and executed by the group's Metal Forming Division, which consolidates the profile, tube, and precision strip steel businesses and is responsible for warehouse systems. This division reported revenue of €3.1 billion and an EBITDA of €169.3 million in the 2024/25 fiscal year.

This contract is a key component of Voestalpine's international expansion strategy for its automated storage solutions. It follows recent investments such as the opening of a new production site in Kentucky, USA, and the completion of several European projects, including two 45-meter-high warehouses for retailer JYSK in the Netherlands.

Market Focus and Upcoming Calendar

Investor attention now turns to the third-quarter results, due for publication on 11 February. This report will provide further insight into the company's profitability trajectory and the performance of its project-based business segments.

Further ahead in the 2026 financial calendar, Voestalpine has scheduled its annual report for 3 June, the annual general meeting for 1 July, and the dividend payment for 14 July.

The record Istanbul order significantly bolsters the visibility and order backlog for the Metal Forming Division, reinforcing its position in the global market for automated logistics while providing a tangible example of its international growth ambitions.