Profit after tax
In millions of euros
Before deduction of non-controlling interests.
EPS – Earnings per share
In euros
The accelerated reduction in the Group’s liabilities in recent business years further lowered its net financial income for the reporting period to EUR –71.8 million (2020/21: EUR –103.4 million). This yields a profit before tax of EUR 1,382.5 million for the business year 2021/22, up from EUR 234.8 million for the business year 2020/21. At EUR 20.9 million, tax expenses for the previous business year were positive. The tax expense for the reporting period is EUR –310.1 million, which equates to a tax rate of 22.4%. Hence the profit after tax from continued operations for the business year 2021/22 is EUR 1,072.4 million (2020/21: EUR 255.7 million). Given the pending sale of 80% of voestalpine’s stake in its Texas subsidiary, the profit after tax of EUR 257.9 million from discontinued operations for the business year 2021/22 includes EUR 256.6 million in reversals of impairment losses on the higher fair value. The previous business year’s figure of EUR –224.0 million, in turn, included a total of EUR 163 million in impairment losses for the voestalpine Texas Group. In sum, this yields a profit after tax of EUR 1,330.3 million for the business year 2021/22, up from EUR 31.7 million a year earlier.
