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Number of and significant content of the meetings of the Supervisory Board and the Committee in the business year 2017/18

During the business year 2017/18, the Supervisory Board fulfilled its responsibilities under the law and the Articles of Incorporation, holding five plenary sessions, three meetings of the Audit Committee, and one meeting of the General Committee. In addition to regular reports on the Group’s current business and financial position, these meetings dealt in particular with corporate acquisitions, the core elements of the voestalpine Group’s digital transformation, succession planning as well as matters involving raw materials supplies, innovation, and IT. The Audit Committee dealt especially with the preparation and review of the Company’s consolidated and individual financial statements, the preparation of the recommendation regarding the appointment of the auditor as well as topics related to the internal control system, the risk management system, and Internal Auditing.

The auditor, Grant Thornton Unitreu GmbH Wirtschaftsprüfungs- und Steuerberatungsgesellschaft, Vienna, Austria, attended all three meetings of the Audit Committee and was available for questions and discussions.

At the last meeting of the business year, the Supervisory Board also carried out the self-evaluation stipulated under Rule 36 of the Corporate Governance Code and, after asking the Management Board to leave the room, used a list of questions to deal with the general cooperation between Management Board and Supervisory Board, the quality and scope of the documents made available to the Supervisory Board as well as organizational issues.

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.


50 Countries on all 5 continents
500 Group companies and locations
51,600 Employees worldwide

Earnings FY 2017/18

€ 13 Billion


€ 2 Billion


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