As of September 30, 2019, the provisions recognized in the annual financial statements 2018/19 in the amount of EUR 26.3 million for the antitrust proceedings and associated actions and costs relative to railway superstructure material as well as for the discontinuation of TSTG Schienen Technik GmbH & Co KG have been reduced to EUR 24.0 million due to the use of these provisions.
Companies of the High Performance Metals Division of the voestalpine Group were affected by proceedings of the German Federal Cartel Office (Bundeskartellamt) against companies that produce, process, or sell special steel products. These proceedings had already become public back in November 2015, following searches conducted on the premises of voestalpine’s competitors. The proceedings of the Bundeskartellamt were initiated subsequent to an application under the Leniency Notice submitted by voestalpine AG. As it is the principal witness, no fines were imposed on the voestalpine Group. No provisions were recognized in this regard at the current interim reporting date.
In the course of the current investigations of the German Federal Cartel Office against steel producers, a search was conducted in the offices of voestalpine in Linz, Austria, from September 12 to 14, 2017, for the German Federal Cartel Office. The search took place on suspicion of anti-competitive practices in the market for heavy plates. Austrian authorities took part in accordance with European legal requirements. voestalpine AG is taking these allegations very seriously and is cooperating with the authorities. Potential negative financial effects have been taken into account as of the current interim reporting date.