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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 488.7 million, less non-cash income in the amount of EUR 145.8 million from the aforementioned initial full consolidation of voestalpine Tubulars GmbH, voestalpine Tubulars GmbH & Co KG, and CNTT Chinese New Turnout Technologies Co., Ltd. Taking the change in working capital into consideration, cash flows from operating activities amounted to EUR 837.7 million in comparison to EUR 725.0 million in the first three quarters of the preceding year; this represents an increase of about 16%. After the deduction of EUR 947.1 million in cash flows from investing activities and taking into account cash flows from financing activities amounting to EUR 77.0 million (mainly borrowings, capital increase, and dividends), the resulting change in cash and cash equivalents (without net exchange differences) amounts to EUR –32.4 million.

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
48,100 Employees worldwide

Earnings FY 2014/15

€ 11.2 Billion


€ 1.5 Billion


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