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Subsidiaries with material non-controlling interests

Name of the subsidiary

 

Domicile

 

09/30/2018

 

09/30/2019

 

 

 

 

 

 

 

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%

In the reporting period, the total of all non-controlling interests is EUR 157.6 million (September 30, 2018: EUR 155.4 million), of which EUR 81.3 million (September 30, 2018: EUR 84.7 million) is attributable to voestalpine Tubulars GmbH & Co KG and EUR 30.6 million (September 30, 2018: EUR 30.5 million) is attributable to CNTT Chinese New Turnout Technologies Co., Ltd. The remaining non-controlling interests, considered individually, can be deemed immaterial for the Group.

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

Summarized statement of financial position

 

 

voestalpine Tubulars GmbH & Co KG

 

CNTT Chinese New Turnout
Technologies Co., Ltd.

 

 

09/30/2018

 

09/30/2019

 

09/30/2018

 

09/30/2019

 

 

 

 

 

 

 

 

 

Non-current assets

 

123.1

 

124.1

 

14.0

 

14.3

Current assets

 

145.6

 

147.9

 

96.5

 

90.8

Non-current provisions and liabilities

 

30.3

 

32.1

 

2.8

 

4.3

Current provisions and liabilities

 

114.4

 

118.6

 

47.4

 

39.9

Net assets (100%)

 

124.0

 

121.3

 

60.3

 

60.9

 

 

 

 

 

 

 

 

 

In millions of euros

Summarized income statement

 

 

voestalpine Tubulars GmbH & Co KG

 

CNTT Chinese New Turnout
Technologies Co., Ltd.

 

 

04/01 – 09/30/2018

 

04/01 – 09/30/2019

 

04/01 – 09/30/2018

 

04/01 – 09/30/2019

 

 

 

 

 

 

 

 

 

Revenue

 

266.3

 

212.5

 

27.5

 

23.3

EBIT

 

5.5

 

(0.3)

 

11.4

 

6.9

Profit after tax

 

4.7

 

(1.6)

 

8.6

 

6.0

 

 

 

 

 

 

 

 

 

Attributable to:

 

 

 

 

 

 

 

 

Equity holders of the parent

 

2.3

 

(0.8)

 

4.3

 

3.0

Non-controlling interests

 

2.4

 

(0.8)

 

4.3

 

3.0

 

 

 

 

 

 

 

 

 

Dividends paid to non-controlling interests

 

0.0

 

1.7

 

8.4

 

3.9

 

 

 

 

 

 

 

 

 

In millions of euros

Summarized statement of cash flows

 

 

voestalpine Tubulars GmbH & Co KG

 

CNTT Chinese New Turnout
Technologies Co., Ltd.

 

 

04/01 – 09/30/2018

 

04/01 – 09/30/2019

 

04/01 – 09/30/2018

 

04/01 – 09/30/2019

 

 

 

 

 

 

 

 

 

Cash flows from operating activities

 

19.3

 

15.0

 

20.3

 

18.9

Cash flows from investing activities

 

(9.0)

 

(8.8)

 

(0.9)

 

(0.6)

Thereof additions to/divestments
of other financial assets

 

0.0

 

0.0

 

0.0

 

0.0

Cash flows from financing activities

 

(10.2)

 

(6.3)

 

(14.3)

 

(16.4)

Net decrease/increase in cash
and cash equivalents

 

0.1

 

(0.1)

 

5.1

 

1.9

 

 

 

 

 

 

 

 

 

In millions of euros


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.

Facts

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

Earnings FY 2018/19

€ 13.6 Billion

Revenue

€ 1.6 Billion

EBITDA

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