UPDATE 1-Voestalpine reorganizes automotive component business sites in Germany Adds context in para 4-8, company's quote in para 6, info on Dettingen location in para 7 and share move in para 9 By Ozan Ergenay Oct 18 (Reuters) - Voestalpine VOES.VI will reorganize its automotive component business locations in Germany, including the closure of one of the sites, to respond to falling demand and structural changes, the Austrian specialty steelmaker said on Friday.

BRIEF-Voestalpine Reorganizes Automotive Component Business In Germany Oct 18 (Reuters) - VOESTALPINE AG VOES.VI : VOESTALPINE AG - REORGANIZES AUTOMOTIVE COMPONENTS BUSINESS IN GERMANY, CREATING FUTURE PROSPECTS FOR AROUND 2,000 EMPLOYEES VOESTALPINE AG - IN FUTURE, PLANTS IN DETTINGEN, SCHMÖLLN, SCHWÄBISCH GMÜND, AND BÖHMENKIRCH WILL FORM A J

Voestalpine reorganizes automotive component business sites in Germany Oct 18 (Reuters) - Voestalpine VOES.VI will reorganize its automotive component business locations in Germany, including the closure of one of the sites, to respond to falling demand and structural changes, the Austrian specialty steelmaker said on Friday. The plants in Dettingen, Schmoelln, Schwaebisch Gmuend and Boehmenkirch will form a joint production network, with each site focused on selected core technologies, Voestalp

BRIEF-Voestalpine Expects FY EBITDA Of EUR 1.4 Bln Oct 14 (Reuters) - VOESTALPINE AG VOES.VI : VOESTALPINE AG: RESULTS OF FIRST HALF OF BY 2024/25 BELOW MARKET EXPECTATION BECAUSE OF ONE-OFF EFFECTS, FURTHERMORE ECONOMIC DOWNTURN REQUIRES ADJUSTMENT OF EARNINGS FORECAST FOR FULL BY 2024/25 VOESTALPINE AG - TO INITIATE SALES PROCESS FOR BUDERUS EDEL

EUROPE RESEARCH ROUNDUP-ArcelorMittal, Barratt Redrow, Croda Oct 11 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including ArcelorMittal , Barratt Redrow and Croda on Friday. HIGHLIGHTS * ArcelorMittal SA MT.AS : JP Morgan cuts to neutral from overweight * Barratt Redrow Plc BTRW.L : Citigroup cuts target price to 600p from 615p * Croda CRDA.L : JP Morgan cuts target price to 3875p from 4200p * Jet2 Plc JET2.L : Morgan Stanley raises targe

BRIEF-Voestalpine Has Issued Its First Green Corporate Bond, For EUR 500 Mln Sept 25 (Reuters) - VOESTALPINE AG VOES.VI : HAS SUCCESSFULLY ISSUED ITS FIRST GREEN CORPORATE BOND, FOR EUR 500 MILLION ENTIRE PROCEEDS OF ISSUE WILL BE USED TO FINANCE OR REFINANCE SUSTAINABLE VOESTALPINE PROJECTS, SUCH AS GREENTEC STEEL BOND HAS A TERM OF FIVE YEARS AND

Voestalpine concludes probe into balance sheet manipulation VIENNA, Sept 18 (Reuters) - Austrian steelmaker Voestalpine VOES.VI has concluded its investigation into balance sheet irregularities at one of its subsidiaries and filed criminal charges against the persons responsible, it said on Wednesday. The company estimates that the impact amounts to a low single-digit million euros, it noted, adding that the steps to recover these damages are being examined and prepared.

BRIEF-Voestalpine Discontinues Business Activities Of Camtec In Linz Sept 10 (Reuters) - VOESTALPINE AG VOES.VI : DISCONTINUES BUSINESS ACTIVITIES OF CAMTEC GMBH AT LINZ SITE TOTAL OF 53 EMPLOYEES WILL BE AFFECTED BY THE DISCONTINUATION OF CAMTEC’S BUSINESS ACTIVITIES IN LINZ. WILL GRADUALLY DISCONTINUE BUSINESS ACTIVITIES OF ITS COMPANY VOESTALP

BUZZ-Citi says weak Q3 for European steel already priced in by consensus ** Citi sees earnings weakness in the seasonally soft Q3 for European steel, but expects that to already be taken into consideration by consensus estimates ** It points out that European steel prices have remained resilient amid falling raw material prices, leading to small recovery in spot steel margins ** The brokerage sees recovery in spreads as a "precursor to steel market recovery", which could potentially firm up late

EUROPE RESEARCH ROUNDUP- Admiral, Capgemini, Zurich Insurance Group Aug 22 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Admiral, Capgemini and Zurich Insurance Group, on Thursday. HIGHLIGHTS * Admiral ADML.L : Jefferies raises to hold from underperform * Capgemini CAPP.PA : Jefferies cuts target price to EUR 185 from EUR 195 * Glenveagh Properties Plc GLV.I : Jefferies raises to buy from hold * Orsted ORSTED.CO : Deutsche Bank c

BUZZ-Top of the Street: UCB, Moncler, Sonova, Moncler, Voestalpine A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** JP Morgan raises UCB UCB.BR to "overweight" from "neutral" as it sees the Belgian biotech firm's "superior growth profile" as "significantly" undervalued by the market; cites expected acceleration in Bimzelx growth ** Morgan Stanley downgrades Sonova SOON.S to "underweight" from "equal-weight", flagging the hearing aid maker's EV/EBITA valua

EUROPE RESEARCH ROUNDUP-Admiral, UCB SA, Victrex Aug 21 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Admiral, UCB SA and Victrex, on Wednesday. HIGHLIGHTS * Admiral ADML.L : RBC raises target price to 3,550p from 3,400p * Demant A/S DEMANT.CO : Morgan Stanley raises to overweight from underweight * UCB SA UCB.BR : JP Morgan raises to overweight from neutral * Victrex Plc VCTX.L : Jefferies raises to hold from underperform * Watki

BUZZ-MS upgrades Voestalpine on its 'underappreciated resilience' ** Morgan Stanley upgrades Austrian speciality steelmaker Voestalpine VOES.VI to "overweight" from "equal-weight" citing its resilient business model through the down-cycle ** It says that despite the challenging market environment in the European and global steel industry, the compa

BRIEF-Voestalpine AG - Secures Major Orders And Is Expanding Its Production Capacities In Indiana, USA Aug 19 (Reuters) - voestalpine AG VOES.VI : SECURES MAJOR ORDERS FOR RENOWNED TRUCK MANUFACTURERS AND IS EXPANDING ITS PRODUCTION CAPACITIES IN INDIANA, USA PRODUCTION CAPACITY WILL BE DOUBLED TO 80,000 TONS, WITH PRODUCTION SCHEDULED TO START IN

UPDATE 2-Austria's Voestalpine sees annual core earnings at lower end of forecast FY EBITDA seen at lower end of 1.7 bln to 1.8 bln euros June-quarter EBITDA down 16.5% to 417 mln euros Recasts first paragraph and adds share move in paragraph 8 By Chiara Holzhaeuser and Tristan Veyet Aug 7 (Reuters) - Austria's Voestalpine VOES.VI reported first-quarter core profit below expectations on Wednesday and said it expects its annual earnings to come at the lower end of a forecast in light of weak econ

Austria's Voestalpine reports lower first-quarter core earnings Aug 7 (Reuters) - Austrian speciality steelmaker Voestalpine VOES.VI reported first-quarter core earnings below analysts' expectation on Wednesday, weighed down by weakness in the German automotive industry, as well as in construction and mechanical engineering. Earnings before interest, tax, depreciation, and amortisation (EBITDA) came in at 417 million euros ($454.95 million) for the quarter ended June 30. Analysts polled by Vara

BRIEF-Voestalpine Q1 EBITDA Operating Result Down At EUR 417 Mln Aug 7 (Reuters) - VOESTALPINE AG VOES.VI : POSTS SOLID RESULT AND A SIGNIFICANT INCREASE IN OPERATING CASH FLOW IN Q1 2024/25 IN A DIFFICULT MARKET ENVIRONMENT EBITDA OUTLOOK AT LOWER END OF COMMUNICATED RANGE OF EUR 1.7 BILLION TO EUR 1.8 BILLION CONSIDERS ISSUING A GREEN CORPORATE B