Voestalpine, the Austria-based steel and technology group, has released its first-quarter results for the 2025/26 business year (April 1 to June 30, 2025), showing a robust performance despite a challenging economic environment. The company reported revenue of €3.9 billion, a slight decrease from the previous year's €4.1 billion. Operating results (EBITDA) were €361 million, down from €417 million in Q1 2024/25. Despite these dips, the company generated a strong free cash flow of €188 million, supported by successful working capital projects. Voestalpine's financial position strengthened, with its gearing ratio at its lowest level since 2006/07. The company's strategic global positioning and sector diversification proved effective, with strong demand in its Railway Systems and Aerospace segments. While demand from the automotive sector remained subdued, particularly in Europe, the Steel Division saw high demand from international pipeline projects. The company's outlook for the full 2025/26 year remains unchanged, with an expected EBITDA of €1.4 to €1.55 billion