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Business transactions with associated companies or parties

Business transactions in the form of deliveries and services are carried out with non-consolidated subsidiaries, joint ventures and associated Group companies within the scope of operational activities. These business transactions are carried out exclusively based on normal market terms.

With two exceptions, there were no changes in transactions with associated companies and persons as set forth in the last annual financial report, which significantly affected the Company’s financial position or its net operating profit during the first six months of the current business year.

As part of the first type of factoring agreement (see chapter 28. Disclosures of transactions not recorded in the statement of financial position in the Consolidated Financial Statements for the business year 2017/18), receivables are sold to core shareholders at arm’s length as of the current business year. As of September 30, 2018, these receivables were recognized at a total of EUR 125.5 million.

The first-time full consolidation of a subsidiary that had not been consolidated to date results in a decrease in both the revenue and the receivables to be disclosed in connection with related parties (effect on the values shown in the business year 2017/18: Revenue EUR –181.1 million, trade receivables EUR –25.2 million).

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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