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Notes on the consolidated statement of cash flows

Non-cash expenses and income include depreciation (including financial assets) in the amount of EUR 385.6 million. Taking the change in working capital into consideration, cash flows from operating activities amounted to EUR 381.9 million in comparison to EUR 450.3 million in the first half of the preceding year; this represents a decrease of about 15%. After the deduction of EUR 606.3 million in cash flows from investing activities that include EUR 226.5 million in additions of other financial assets (basically a temporary investment of a portion of the proceeds of a bond issue) and taking into account cash flows from financing activities amounting to EUR 424.9 million (mainly proceeds of a bond issue as well as additional long-term funding less dividends), the resulting change in cash and cash equivalents (without net exchange differences) amounts to EUR 200.5 million.

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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