Voestalpine has overcame the financial crisis relatively well. Sales have reached the pre-crisis level of EUR 11.5 bil already in 2012, up 35% from its low in 2009.
Voestalpine stock has been trading at 12.9x times its earnings in the last decade. At the end of 2012, the multiple dropped into the single digits, at 9.2x suggesting growth prospects concern of the industry
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