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Notes on the consolidated statement of financial position

Despite a positive performance of the pension fund of 8.0% during the current business year, a reduction of the discount interest rate from 1.9% to 1.6% resulted in an increase overall of the provisions for pension and severance obligations and consequently in an actuarial loss. Accumulatively, this also resulted in an increase of the provisions for long-service bonus obligations and consequently in a loss recognized in the income statement.

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
48,500 Employees worldwide

Earnings FY 2015/16

€ 11.1 Billion


€ 1.6 Billion


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