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General information/accounting policies

These Interim Consolidated Financial Statements of voestalpine AG as of September 30, 2017, for the first half of the business year 2017/18 were prepared in accordance with IAS 34 – Interim Financial Reporting. The accounting policies are unchanged from the Consolidated Financial Statements for the business year 2016/17.

The following new and revised standards and interpretations were in effect but had not yet been adopted for the first time in the business year 2017/18





Effective date1






IAS 12, amendments


Recognition of Deferred Tax Assets for Unrealized Losses


January 1, 20171

IAS 7, amendments


Disclosure Initiative


January 1, 20171

Various standards, amendments


Annual Improvements to International Financial Reporting Standards, 2014 – 2016 Cycle


January 1, 2018/
January 1, 20171






Has not yet been endorsed by the EU.

The changes had not yet been adopted by the EU by the date on which the financial statements were prepared. From today’s perspective, the amendments and new versions of standards and interpretations are not expected to have any material effects on the voestalpine Group’s net assets, financial position, and results of operations.

Further information on the other principles of preparation is provided in the Consolidated Financial Statements as of March 31, 2017, on which these Interim Consolidated Financial Statements are based.

The Interim Consolidated Financial Statements are presented in millions of euros (the functional currency of the parent company). The use of automated calculation systems may result in rounding differences that affect amounts and percentages.

Unless otherwise stated, comparative information relates to the first half of the business year 2016/17 (reporting date: September 30, 2016).

The present Interim Consolidated Financial Statements have not been audited or reviewed by auditors.

About voestalpine

In its business segments, voestalpine is a globally leading technology and capital goods group with a unique combination of material and processing expertise. With its top-quality products and system solutions using steel and other metals, it is a leading partner to the automotive and consumer goods industries in Europe and to the aerospace, oil and gas industries worldwide. The voestalpine Group is also the world market leader in turnout technology, special rails, tool steel, and special sections.


50 Countries on all 5 continents
500 Group companies and locations
50,000 Employees worldwide

Earnings FY 2016/17

€ 11.3 Billion


€ 1.54 Billion


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