Subsidiaries with material non-controlling interests

Name of the subsidiary

 

Domicile

 

03/31/2024

 

09/30/2024

 

 

 

 

 

 

 

voestalpine Tubulars GmbH & Co KG

 

Kindberg, Austria

 

 

 

 

Proportion of ownership

 

 

 

49.8875%

 

49.8875%

Proportion of ownership interests held by non-controlling interests

 

 

 

50.1125%

 

50.1125%

CNTT Chinese New Turnout Technologies Co., Ltd.

 

Qinhuangdao, China

 

 

 

 

Proportion of ownership

 

 

 

50.0000%

 

50.0000%

Proportion of ownership interests held by non-controlling interests

 

 

 

50.0000%

 

50.0000%

As of September 30, 2024, the total of all non-controlling interests is EUR 243.1 million (September 30, 2023: EUR 311.2 million), of which EUR 146.0 million (September 30, 2023: EUR 215.0 million) is attributable to voestalpine Tubulars GmbH & Co KG and EUR 25.9 million (September 30, 2023: EUR 25.9 million) is attributable to CNTT Chinese New Turnout Technologies Co., Ltd. The remaining non-controlling interests, considered individually, can be deemed immaterial to the Group.

Summarized financial information for each subsidiary with non-controlling interests that are material to the Group is depicted in the following chart. The figures correspond to the amounts prior to the elimination of intra-Group transactions.

Summarized statement of financial position

 

 

voestalpine Tubulars GmbH & Co KG

 

CNTT Chinese New Turnout Technologies Co., Ltd.

 

 

03/31/2024

 

09/30/2024

 

03/31/2024

 

09/30/2024

 

 

 

 

 

 

 

 

 

Non-current assets

 

132.7

 

132.7

 

12.2

 

11.5

Current assets

 

443.9

 

240.9

 

76.2

 

80.1

Non-current liabilities

 

26.9

 

26.2

 

0.9

 

0.8

Current liabilities

 

125.7

 

57.8

 

35.7

 

39.1

Net assets (100%)

 

424.0

 

289.6

 

51.8

 

51.7

 

 

 

 

 

 

 

 

 

In millions of euros

Summarized income statement

 

 

voestalpine Tubulars GmbH & Co KG

 

CNTT Chinese New Turnout Technologies Co., Ltd.

 

 

04/01–
09/30/2023

 

04/01–
09/30/2024

 

04/01–
09/30/2023

 

04/01–
09/30/2024

 

 

 

 

 

 

 

 

 

Revenue

 

432.1

 

314.8

 

16.1

 

39.1

EBIT

 

100.0

 

16.9

 

5.3

 

10.6

Profit after tax

 

102.2

 

17.5

 

4.5

 

9.6

 

 

 

 

 

 

 

 

 

Attributable to:

 

 

 

 

 

 

 

 

Equity holders of the parent

 

51.0

 

8.7

 

2.3

 

4.8

Non-controlling interests

 

51.2

 

8.8

 

2.3

 

4.8

 

 

 

 

 

 

 

 

 

Dividends paid to non-controlling interests

 

15.0

 

76.8

 

5.8

 

4.7

 

 

 

 

 

 

 

 

 

In millions of euros

Summarized statement of cash flows

 

 

voestalpine Tubulars GmbH & Co KG

 

CNTT Chinese New Turnout Technologies Co., Ltd.

 

 

04/01–
09/30/2023

 

04/01–
09/30/2024

 

04/01–
09/30/2023

 

04/01–
09/30/2024

 

 

 

 

 

 

 

 

 

Cash flows from operating activities

 

117.4

 

34.5

 

–2.9

 

11.6

Cash flows from investing activities

 

–88.2

 

136.3

 

–0.2

 

0.0

Thereof additions to/divestments of other financial assets

 

–72.9

 

152.1

 

0.0

 

0.0

Cash flows from financing activities

 

–29.2

 

–170.8

 

–11.7

 

–9.5

Change in cash and cash equivalents

 

0.0

 

0.0

 

–14.8

 

2.1

 

 

 

 

 

 

 

 

 

In millions of euros