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Takeover or purchase of companies or of interests in companies.
Affiliated companies
Companies that are directly or indirectly under the same management—in this case of voestalpine AG—in which voestalpine AG holds, directly or indirectly, a majority of the voting rights or exercises the controlling influence.
Asset deal
Company takeover, where the buyer purchases individual assets (rather than shares).
“Austrian Traded Index,” the leading index of the Vienna Stock Exchange, which contains the 20 most important stocks in the prime market segment.
Borrowed capital
Inclusive term for provisions, trade and other payables, posted on the liabilities side of the statement of financial position.
Borrowed capital ratio
Ratio of borrowed capital recorded on the statement of financial position to total assets (the higher the ratio, the higher the debt burden).
Capital employed
Total employed interest­bearing capital.
Cash flow
  • From investing activities: outflow/inflow of liquid assets from investments/disinvestments;
  • From operating activities: outflow/inflow of liquid assets not affected by investment, disinvestment, or financing activities.
  • From financing activities: outflow/inflow of liquid assets from capital expenditures and capital contributions.
Cost of materials
Incorporates all expenditures necessary for the procurement of raw and auxiliary materials required for production.
Current assets
Those assets that are expected to be realized in cash or consumed in the short term, that is, they are not expected to be available for a company’s business operations long-term, for example, inventory, trade accounts receivable, or securities.
EBIT (earnings before interest and taxes)
Profit before the deduction of taxes, non­controlling interests, and financial result.
EBIT margin
EBIT percentage of revenue.
EBITDA (earnings before interest, taxes, depreciation, and amortization)
Profit before the deduction of taxes, non-controlling interests, financial result, and depreciation and amortization expenses.
EBITDA margin
EBITDA percentage of revenue.
EBT (earnings before taxes)
Profit before the deduction of taxes and non-controlling interests.
Assets made available to a corporation by the owners through deposits and/or contributions or from retained profits.
Equity ratio
Equity divided by total assets.
Free float
The portion of the share capital that is actively traded on the stock exchange.
Full-time equivalent (FTE)
A full-time employee corresponds to a full-time equivalent of one, part-time employees are taken into account on a pro-rata basis corresponding to their working hours.
Ratio of net financial debt to equity.
Gross profit
Revenue less cost of sales.
IFRS (International Financial Reporting Standards)
Accounting regulations developed to guarantee comparable accounting and disclosure.
Joint venture
A business partnership between two or more companies, which remain independent but which pool capital to pursue a commercial goal, for example, the penetration of a foreign market.
Market capitalization
Market capitalization reflects the current market price of an exchange-listed company.
Net financial debt
Interest-bearing liabilities less interest-earning assets.
Purchase price allocation (ppa)
Within the scope of the acquisition of a company, the purchase price is allocated to the assets and liabilities of the acquired enterprise, which are then assigned fair values and recognized in the Group’s consolidated financial statements.
An evaluation of the credit quality of a company recognized on international capital markets.
Return on equity
ROE is the ratio between profit for the period and equity as recorded in the previous period.
ROCE (return on capital employed)
ROCE is the ratio of EBIT to average capital employed (until business year 2008/09, EBIT to capital employed), that is, profit generated by the capital invested.
Share capital
The minimum capital requirement to be contributed by the shareholders for shares when establishing a stock corporation or limited partnership; it is issued in shares and constitutes a part of equity.
The degree of fluctuation in stock prices and currency exchange rates or in prices of consumer goods in comparison to the market.
Weighted average cost of capital (WACC)
Average capital costs for both borrowed capital and equity.
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  • Share price, end of period (euros) 23.96    EPS – Earnings/share (euros) 2.61    Dividend/share (euros) 0.90
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