Notes on the consolidated income statement

At EUR 5,110.1 million, revenue for the period from April 1, 2020, to September 30, 2020, fell by 21.9% compared with EUR 6,541.6 million in the same period of the previous year. The other operating income includes EUR 79.4 million in income from short-time work grants and other government grants for personnel expenses. In the first half of the business year 2020/21, EBIT is EUR –215.0 million compared with EUR 229.6 million for the same period of the previous year. EBIT is EUR –166.3 million for the second quarter of 2020/21, compared with EUR 72.9 million for the second quarter of 2019/20. After consideration of the financial result and taxes, the profit after tax is EUR –275.8 million compared with EUR 115.2 million for the same period of the previous year.

Despite the profit before tax for the reporting period of EUR –267.5 million (same period the previous year: EUR 162.5 million), the tax expense for the reporting period of EUR 8.3 million (same period the previous year: EUR 47.3 million) is due primarily to the non-recognition of tax losses.

Diluted and basic earnings per share are calculated as follows:



04/01 – 09/30/2019


04/01 – 09/30/2020






Profit attributable to equity holders of the parent (in millions of euros)





Weighted average number of outstanding ordinary shares (millions)





Diluted and basic earnings per share (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.


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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