Voestalpine Confirms Divestment to U.S. Firm Kadant
31.01.2026 - 16:30:04
Austrian steel and technology group Voestalpine has finalized another step in its portfolio optimization, announcing the sale of its voestalpine BÖHLER Profil GmbH subsidiary to American industrial firm Kadant Inc. This transaction marks the conclusion of a restructuring phase within the company's High Performance Metals Division. Despite the divestment, Voestalpine's management has reaffirmed its full-year earnings guidance, providing stability for investors amidst ongoing sector volatility.
The unit being sold operates from a site in Bruckbach, Lower Austria, and employs approximately 150 people. Kadant Inc., the U.S.-based buyer, has indicated its intention to retain the workforce. For the 2024/25 financial year, the divested entity reported revenues of 51.5 million euros.
Company leadership stated that BÖHLER Profil no longer aligns with Voestalpine's long-term strategic core, citing differences in its operational structure and sales channels. The sale follows the earlier divestiture of Buderus Edelstahl and is seen as the final move in reshaping the High Performance Metals Division. The deal remains subject to standard regulatory approvals, with closure anticipated before the end of the 2025/2026 financial year.
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Unchanged Financial Outlook
A key takeaway for the market is that the corporate forecast remains intact. Voestalpine's board has confirmed its EBITDA guidance for the current 2025/26 financial year, projecting a range of 1.40 to 1.55 billion euros. This confirmation directly addresses investor concerns that often accompany asset sales, signaling that the company's overall earnings trajectory is unaffected by this portfolio adjustment.
On the Vienna Stock Exchange, Voestalpine shares concluded the previous trading session at 39.58 euros.
Broader Industry Context
The European steel sector continues to experience dynamic shifts. Competitors including ArcelorMittal reported implementing price increases in January, while other major players like SSAB and Thyssenkrupp have recently communicated updates on their business performance and strategic directions. Voestalpine's latest move occurs against this backdrop of industry-wide repositioning.
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