voestalpine AG
Consolidated statement of cash flows 2019/20

 

Notes

 

2018/19

 

2019/20

 

 

 

 

 

 

Operating activities

 

 

 

 

 

Profit after tax

 

 

458.6

 

–216.5

Non-cash expenses and income

24

 

845.1

 

1,086.6

Change in inventories

 

 

–124.1

 

408.6

Change in receivables and liabilities

 

 

44.4

 

80.1

Change in provisions

 

 

–57.4

 

–54.8

Changes in working capital

 

 

–137.1

 

433.9

Cash flows from operating activities

 

 

1,166.6

 

1,304.0

 

 

 

 

 

 

Investing activities

 

 

 

 

 

Additions to other intangible assets, property, plant and equipment

 

 

–1,045.7

 

–747.9

Income from disposals of assets

 

 

21.1

 

43.7

Cash flows from the acquisition of control of subsidiaries

24

 

4.5

 

–11.2

Cash flows from the loss of control of subsidiaries

24

 

0.0

 

–0.2

Additions to/divestments of other financial assets

 

 

210.1

 

108.8

Cash flows from investing activities

 

 

–810.0

 

–606.8

 

 

 

 

 

 

Financing activities

 

 

 

 

 

Dividends paid

 

 

–276.8

 

–222.0

Dividends paid, non-controlling interests

24

 

–18.1

 

–21.0

Acquisition of non-controlling interests

 

 

–2.4

 

–4.8

Capital increase

 

 

64.3

 

0.0

Repayment hybrid capital

 

 

0.0

 

–500.0

Increase in non-current financial liabilities

 

 

789.2

 

1,157.8

Repayment of non-current financial liabilities

 

 

–1,170.6

 

–786.4

Repayment of lease liabilities

 

 

–7.5

 

–53.5

Change in current financial liabilities and other financial liabilities

 

 

42.6

 

55.6

Cash flows from financing activities

 

 

–579.3

 

–374.3

 

 

 

 

 

 

Net decrease/increase in cash and cash equivalents

 

 

–222.7

 

322.9

Cash and cash equivalents, beginning of year

 

 

705.8

 

485.9

Net exchange differences

 

 

2.8

 

–14.1

Cash and cash equivalents, end of year

16

 

485.9

 

794.7

 

 

 

 

 

 

In millions of euros


About voestalpine

In its business segments, voestalpine is a globally leading steel and technology group with a unique combination of materials and processing expertise. voestalpine, which operates globally, has around 500 Group companies and locations in more than 50 countries on all five continents. It has been listed on the Vienna Stock Exchange since 1995. With its top-quality products and system solutions, it is a leading partner to the automotive and consumer goods industries as well as the aerospace and oil & gas industries, and is also the world market leader in railway systems, tool steel, and special sections. voestalpine is fully committed to the global climate goals and is working intensively to develop technologies which will allow it to decarbonize and reduce its CO2 emissions over the long term. In the business year 2019/20, the Group generated revenue of EUR 12.7 billion, with an operating result (EBITDA) of EUR 1.2 billion; it had about 49,000 employees worldwide.

Facts

50 Countries on all 5 continents
500 Group companies and locations
49,000 Employees worldwide

Earnings FY 2019/20

€ 12.7 Billion

Revenue

€ 1.2 Billion

EBITDA

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