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General information / accounting policies

These Interim Consolidated Financial Statements of voestalpine AG as of September 30, 2019, for the first half of the business year 2019/20 were prepared in accordance with IAS 34 – Interim Financial Reporting. The accounting policies are unchanged from the Consolidated Financial Statements for the business year 2018/19, 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 2019/20:

These Standards are applicable to reporting periods beginning on or after the effective date.





Effective date1










January 1, 2019

IFRS 9, amendments


Prepayment Features with Negative Compensation


January 1, 2019

IAS 28, amendments


Long-Term Interests in Associates and Joint Ventures


January 1, 2019



Uncertainty over Income Tax Treatments


January 1, 2019

IAS 19, amendments


Plan Amendment, Curtailment or Settlement


January 1, 2019






With the exception of IFRS 16, 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.

The disclosures resulting from the initial application of IFRS 16 follow below from the section entitled Changes in Accounting Policies.

Further information on the other principles of preparation is provided in the Consolidated Financial Statements as of March 31, 2019, 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 2018/19 (reporting date: September 30, 2018).

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 technology group with a unique combination of materials and processing expertise. With its top-quality products and system solutions using steel and other metals, it is a leading partner of the automotive and consumer goods industries as well as of the aerospace and oil & gas industries. voestalpine is also the world market leader in complete railway systems as well as in tool steel and special sections.


50 Countries on all 5 continents
500 Group companies and locations
52,000 Employees worldwide

Earnings FY 2018/19

€ 13.6 Billion


€ 1.6 Billion


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