General information / accounting policies

These Interim Consolidated Financial Statements of voestalpine AG as of September 30, 2020, for the first half of the business year 2020/21 were prepared in accordance with the International Financial Reporting Standards (IFRS)—as adopted by the European Union—pursuant to IAS 34, Interim Financial Reporting, as well as the interpretations of the International Financial Reporting Interpretations Committee (IFRS-IC), which require application in 2020. The accounting policies are unchanged from the Consolidated Financial Statements for the business year 2019/20, with the exception of the changes below.

The following new and revised Standards and Interpretations were adopted for the first time in the business year 2020/21:





Effective date1






Framework, amendments


Amendments to References to the Conceptual Framework


January 1, 2020

IFRS 3, amendments


Definition of a Business


January 1, 2020

IAS 1 and IAS 8, amendments


Definition of Material


January 1, 2020

IFRS 9, IAS 39 and IFRS 7, amendments


Interest Rate Benchmark Reform


January 1, 2020






In accordance with EU endorsements, these Standards are applicable to reporting periods beginning on or after the effective date.

The amendments and new versions of Standards and Interpretations did not have any material effect on the voestalpine Group’s net assets, financial position, and results of operations.

Further information on the other principles of preparation is provided in the Consolidated Financial Statements as of March 31, 2020, on which these Interim Consolidated Financial Statements are based.

The Interim Consolidated Financial Statements are presented in millions of euros (the functional currency of the parent company). The use of automated calculation systems may result in rounding differences that affect amounts and percentages.

Unless otherwise stated, comparative information relates to the first half of the business year 2019/20 (reporting date: September 30, 2019).

The present Interim Consolidated Financial Statements have not been audited or reviewed by auditors.

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.


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

Earnings FY 2019/20

€ 12.7 Billion


€ 1.2 Billion


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