4. Other operating expenses

 

 

2018/19

 

2019/20

 

 

 

 

 

Taxes other than income taxes

 

16.3

 

15.8

Losses on disposal of property, plant and equipment

 

4.0

 

3.1

Currency losses

 

146.2

 

136.3

Expenses from the valuation of derivatives

 

7.8

 

6.2

Losses from deconsolidation

 

0.1

 

0.5

Other operating expenses

 

335.8

 

690.9

 

 

510.2

 

852.8

 

 

 

 

 

In millions of euros

Other operating expenses for the business year 2019/20 contain EUR 401.7 million (2018/19: EUR 0.0 million) in impairment losses on property, plant and equipment, other intangible assets, and goodwill. They also contain EUR 121.1 million (2018/19: EUR 121.2 million) in expenses attributable to the other functional area. In the main, these concern expenses related to the by-products specified in other operating income. Furthermore, provisions for legal disputes are included in the other operating expenses.


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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