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E. Subsidiaries with material non-controlling interests

Name of the subsidiary

 

Domicile

 

03/31/2017

 

03/31/2018

 

 

 

 

 

 

 

voestalpine Tubulars GmbH & Co KG

 

Kindberg, Austria

 

 

 

 

Proportion of ownership

 

 

 

49.8875%

 

49.8875%

Proportion of ownership interests held by non-controlling interests

 

 

 

50.1125%

 

50.1125%

CNTT Chinese New Turnout Technologies Co., Ltd.

 

Qinhuangdao, China

 

 

 

 

Proportion of ownership

 

 

 

50.0000%

 

50.0000%

Proportion of ownership interests held by non-controlling interests

 

 

 

50.0000%

 

50.0000%

In the reporting period, the total of all non-controlling interests amounts to EUR 168.6 million (March 31, 2017: EUR 168.2 million), of which EUR 84.4 million (March 31, 2017: EUR 80.7 million) is attributable to voestalpine Tubulars GmbH & Co KG and EUR 35.5 million (March 31, 2017: EUR 32.8 million) is attributable to CNTT Chinese New Turnout Technologies Co., Ltd. The remaining non-controlling interests, seen individually, can be considered immaterial for the Group.

Summarized financial information for each subsidiary with non-controlling interests that are material for the Group is depicted in the following chart. The figures correspond to amounts prior to the elimination of intragroup transactions.

Summarized statement of financial position

 

 

voestalpine Tubulars
GmbH & Co KG

 

CNTT Chinese New Turnout Technologies Co., Ltd.

 

 

03/31/2017

 

03/31/2018

 

03/31/2017

 

03/31/2018

 

 

 

 

 

 

 

 

 

Non-current assets

 

112.3

 

122.3

 

18.2

 

15.1

Current assets

 

124.7

 

165.0

 

96.1

 

95.7

Non-current provisions and liabilities

 

30.0

 

30.2

 

3.0

 

2.9

Current provisions and liabilities

 

103.6

 

137.0

 

46.7

 

37.8

Net assets (100%)

 

103.4

 

120.1

 

64.6

 

70.1

 

 

 

 

 

 

 

 

 

In millions of euros

Summarized income statement

 

 

voestalpine Tubulars
GmbH & Co KG

 

CNTT Chinese New Turnout Technologies Co., Ltd.

 

 

2016/17

 

2017/18

 

2016/17

 

2017/18

 

 

 

 

 

 

 

 

 

Revenue

 

274.8

 

456.1

 

93.2

 

76.1

EBIT

 

–7.7

 

20.0

 

30.7

 

28.7

Profit after tax

 

–8.0

 

16.8

 

23.5

 

21.7

 

 

 

 

 

 

 

 

 

Attributable to:

 

 

 

 

 

 

 

 

Equity holders of the parent

 

–4.0

 

8.4

 

11.7

 

10.8

Non-controlling interests

 

–4.0

 

8.4

 

11.7

 

10.8

 

 

 

 

 

 

 

 

 

Dividends paid to non-controlling interests

 

5.2

 

0.0

 

4.5

 

6.5

 

 

 

 

 

 

 

 

 

In millions of euros

Summarized statement of cash flows

 

 

voestalpine Tubulars
GmbH & Co KG

 

CNTT Chinese New Turnout Technologies Co., Ltd.

 

 

2016/17

 

2017/18

 

2016/17

 

2017/18

 

 

 

 

 

 

 

 

 

Cash flows from operating activities

 

4.8

 

2.4

 

37.2

 

13.0

Cash flows from investing activities

 

–30.2

 

–24.6

 

–0.8

 

–1.0

thereof additions to/divestments of other financial assets

 

0.1

 

0.1

 

0.0

 

0.0

Cash flows from financing activities

 

25.8

 

21.7

 

–14.0

 

–12.9

Net decrease/increase in cash and cash equivalents

 

0.4

 

–0.5

 

22.4

 

–0.9

 

 

 

 

 

 

 

 

 

In millions of euros


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
51,600 Employees worldwide

Earnings FY 2017/18

€ 13 Billion

Revenue

€ 2 Billion

EBITDA

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