At EUR 1,166.6 million, the cash flows from operating activities was kept at almost the same level as in the previous year (EUR 1,195.1 million) despite the much more difficult environment; the decline equates to merely 2.4%. This is due mainly to the development of the working capital which, at EUR –137.1 million, is negative for the business year 2018/19, thus leading to a much lower commitment of funds than in the previous year (EUR –426.9 million).
While the voestalpine Group’s net investments in 2018/19 were EUR 810.0 million, slightly less than the EUR 847.7 million in the previous business year, the former figure includes EUR 210.1 million in disinvestments of financial assets. Investments in other intangible assets, property, plant and equipment were EUR 1,045.7 million, up 23.0% from the previous business year (EUR 850.2 million).
The cash flows from Group financing activities in the business year 2018/19 is EUR –579.3 million (previous year: EUR –129.7 million). The closing balance of cash and cash equivalents as of March 31, 2019, is EUR 485.9 million.