21. Trade and other payables

 

 

03/31/2019

 

03/31/2020

 

 

 

 

 

Trade payables

 

1,487.8

 

1,261.5

Contract liabilities

 

114.5

 

141.4

Trade payables with reverse factoring agreements

 

5.7

 

6.9

Liabilities from bills of exchange accepted and drawn

 

702.6

 

600.5

Other liabilities from taxes

 

92.3

 

91.5

Other liabilities related to social security

 

51.9

 

60.4

Other liabilities

 

383.7

 

398.7

 

 

2,838.5

 

2,560.9

 

 

 

 

 

In millions of euros

Note 1. Revenue contains further information on contract assets and liabilities.

The liabilities from bills of exchange stem from obligations under supply and service relationships that provide for payment via bill of exchange. In this connection, payment terms of up to 120 days have been stipulated, and interest payments in the amount of EUR 3.2 million (2018/19: EUR 3.2 million) have been incurred.


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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