After experiencing significant growth in the first half of the year, the voestalpine group expects demand to weaken in the winter and expects the earnings for the 2011/2012 fiscal year (end at the end of March) to decrease by 10% to reach 900 million euros.
Affected by the economic crisis, the VAI Group's steel production in the third quarter fell by 10%, but Eder still expressed confidence in the annual revenue: "We will achieve at least 11.5 billion euros and possibly even 12 billion euros in turnover this year. This will be a record turnover."
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