Voestalpine Group (VLPNY.PK), an Austria-based producer of steel and related products, reported Wednesday that its profit for the nine-month period rose 17.6 percent to 508.5 million euros from last year's 432.5 million euros. Earnings per share grew 20.2 percent to 2.74 euros from 2.28 euro last year.
However, adjusted earnings per share for the period were 1.94 euros, compared to 2.03 euros per share in the previous year.
Revenues for the nine months increased 1.5 percent to 8.38 billion euros from 8.25 billion euros a year ago.
Looking ahead, the company noted that its adjusted earnings of 2015/2016 will not be able to reach last year's adjusted figures, due to a slightly weaker second half.
However, the company's outlook both the full-year operating result or EBITDA and profit from operations or EBIT are unchanged, and are expected to be higher than the adjusted figures of last year.
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