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Notes on the consolidated statement of cash flows

Non-cash expenses and income include depreciation/revaluation (including financial assets) in the amount of EUR 377.7 million. Taking the change in working capital into consideration, the cash flow from operating activities amounted to EUR 165.0 million compared to EUR 381.9 million in the first half of the preceding year; this represents a decrease of about 57%. After consideration of EUR –357.4 million in cash flow from investing activities that include EUR 129.7 million in divestments of other financial assets (mainly proceeds from the sale of bonds) and taking into account the cash flow from financing activities in the amount of EUR –245.3 million, the resulting change in cash and cash equivalents (without net exchange differences) amounts to EUR –437.7 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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