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Notes on the consolidated statement of cash flows

Non-cash expenses and income include depreciation/revaluation (including financial assets) in the amount of EUR 435.0 million. Taking the change in working capital into consideration, the cash flow from operating activities is EUR 202.0 million compared to EUR 165.0 million in the first half of the previous year; this represents an increase of about 22.0%. Taking into account EUR –649.5 million in cash flow from investing activities that includes EUR –264.6 million in investments of other financial assets (mainly fixed term deposits for refinancing the redemption of the hybrid bond 2013) and taking into account the cash flow from financing activities in the amount of EUR 276.1 million, the resulting change in cash and cash equivalents (without net exchange differences) is EUR –171.4 million.

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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