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5. Share of profit of entities consolidated according to the equity method

 

 

2015/16

 

2016/17

 

 

 

 

 

Income from associates

 

7.0

 

13.9

Expenses from associates

 

0.0

 

–0.2

Income from joint ventures

 

146.0

 

0.9

Expenses from joint ventures

 

0.0

 

0.0

 

 

153.0

 

14.6

 

 

 

 

 

In millions of euros

Income from associates is primarily attributable to METALSERVICE S.P.A., Scholz Austria GmbH and Kocel Steel Foundry Co., Ltd. In the business year 2015/16, income from joint ventures includes EUR 145.8 million (including a recycling of cash flow hedges and of currency translation differences) from the transitional consolidation of voestalpine Tubulars GmbH & Co KG, voestalpine Tubulars GmbH, and CNTT Chinese New Turnout Technologies Co., Ltd. All income from entities consolidated according to the equity method in the business year 2016/17 are the pro-rated profits for the period.


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.

Facts

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

Earnings FY 2016/17

€ 11.3 Billion

Revenue

€ 1.54 Billion

EBITDA

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