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Notes on the consolidated statement of cash flows

Cash flow before capital changes in the amount of EUR 842.6 million increased compared to the first three quarters of the business year 2013/14 (EUR 829.2 million). Taking the change in working capital into consideration, cash flows from operating activities amounted to EUR 725.0 million in comparison to EUR 528.0 million in the first three quarters of the preceding year; this represents an improvement of about 37%. After the deduction of EUR 628.0 million in cash flows from investing activities and taking into account cash flows from financing activities amounting to EUR –219.6 million (mainly borrowings and dividends as well as redemption of the hybrid bond 2007), the resulting change in cash and cash equivalents (without net exchange differences) amounts to EUR –122.6 million.

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About voestalpine

The voestalpine Group is a steel-based technology and capital goods group that operates worldwide. With its top-quality products, the Group is one of the leading partners to the automotive and consumer goods industries in Europe and to the oil and gas industries worldwide.


50 Countries on all 5 continents
500 Group companies and locations
46,461 Employees (FTE, 12/31/2014)

Earnings FY 2013/14

€ 11.2 Billion


€ 1.4 Billion


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