D.10. Goodwill and other intangible assets

D.10. Goodwill and other intangible assets

Goodwill

 

 

03/31/2023

 

03/31/2024

 

03/31/2025

 

 

 

 

 

 

 

Gross carrying amount

 

1,546.9

 

1,546.0

 

1,551.2

Impairment losses

 

–213.1

 

–435.3

 

–551.8

Reclassification of discontinued operations and
assets held for sale

 

–2.5

 

–2.9

 

0.0

Carrying amount

 

1,331.3

 

1,107.8

 

999.4

 

 

 

 

 

 

 

In millions of euros

The following table shows the reconciliation of the carrying amounts of goodwill for the periods presented in the Consolidated Financial Statements as of March 31, 2025:

Reconciliation of the carrying amounts of goodwill

 

 

Goodwill

 

 

 

Carrying amount as of April 1, 2023

 

1,331.3

 

 

 

Additions

 

3.5

Disposals

 

–2.1

Impairment losses

 

–222.1

Net exchange differences

 

0.1

Reclassification of assets held for sale

 

–2.9

Carrying amount as of March 31, 2024

 

1,107.8

 

 

 

Additions

 

8.2

Impairment losses

 

–116.5

Net exchange differences

 

–0.1

Carrying amount as of March 31, 2025

 

999.4

 

 

 

In millions of euros

Details on the impairment of goodwill are explained in Note D.11. Impairment losses and reversal of impairment losses.

Other intangible assets

 

 

Trademarks

 

Other

 

Advance payments or payments in progress

 

Total

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

227.6

 

1,458.7

 

29.8

 

1,716.1

Accumulated amortization and impairment

 

–57.0

 

–1,361.3

 

–0.1

 

–1,418.4

Carrying amount as of April 1, 2023

 

170.6

 

97.4

 

29.7

 

297.7

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

170.6

 

1,411.4

 

44.0

 

1,626.0

Accumulated amortization and impairment

 

0.0

 

–1,311.5

 

0.1

 

–1,311.4

Reclassification assets held for sale

 

0.0

 

–1.6

 

–0.2

 

–1.8

Carrying amount as of March 31, 2024

 

170.6

 

98.3

 

43.9

 

312.8

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

170.6

 

1,423.0

 

29.4

 

1,623.0

Accumulated amortization and impairment

 

0.0

 

–1,312.7

 

–0.1

 

–1,312.8

Carrying amount as of March 31, 2025

 

170.6

 

110.3

 

29.3

 

310.2

 

 

 

 

 

 

 

 

 

In millions of euros

The “Trademarks” column includes trademarks with an indefinite useful life in the amount of EUR 170.6 million (2023/24: EUR 170.6 million).

Intangible assets with an unlimited useful life

The following cash generating units (CGUs) and groups of CGUs contain trademarks with an indefinite useful life:

Cash generating units (CGUs) and groups of CGUs containing trademarks with an indefinite useful life

 

 

2023/24

 

2024/25

 

 

 

 

 

High Performance Metals Division

 

155.4

 

155.4

 

 

 

 

 

Welding

 

12.6

 

12.6

Total Metal Engineering Division

 

12.6

 

12.6

 

 

 

 

 

Precision Strip

 

2.6

 

2.6

Total Metal Forming Division

 

2.6

 

2.6

 

 

 

 

 

voestalpine Group

 

170.6

 

170.6

 

 

 

 

 

In millions of euros

The period during which these trademarks are expected to generate cash flows is not subject to a foreseeable limit. Hence trademarks are not subject to wear and tear and are not amortized. No impairments have arisen.

The following table shows the reconciliation of the carrying amounts of other intangible assets for the periods reported in the Consolidated Financial Statements as of March 31, 2025:

Reconciliation of the carrying amounts of other intangible assets

 

 

Trademarks

 

Other

 

Advance payments or payments in progress

 

Total

 

 

 

 

 

 

 

 

 

Carrying amount as of April 1, 2023

 

170.6

 

97.4

 

29.7

 

297.7

 

 

 

 

 

 

 

 

 

Changes in the scope of consolidation

 

0.0

 

8.0

 

0.0

 

8.0

Additions

 

0.0

 

17.0

 

19.9

 

36.9

Transfers

 

0.0

 

15.0

 

–4.9

 

10.1

Disposals

 

0.0

 

0.0

 

–0.6

 

–0.6

Amortization

 

0.0

 

–37.8

 

0.0

 

–37.8

Impairment losses

 

0.0

 

0.0

 

0.0

 

0.01

Net exchange differences

 

0.0

 

0.3

 

0.0

 

0.3

Reclassification assets held for sale

 

0.0

 

–1.6

 

–0.2

 

–1.8

Carrying amount as of March 31, 2024

 

170.6

 

98.3

 

43.9

 

312.8

 

 

 

 

 

 

 

 

 

Changes in the scope of consolidation

 

0.0

 

7.1

 

0.2

 

7.3

Additions

 

0.0

 

9.8

 

15.5

 

25.3

Transfers

 

0.0

 

34.1

 

–29.1

 

5.0

Disposals

 

0.0

 

0.0

 

–1.2

 

–1.2

Amortization

 

0.0

 

–38.2

 

0.0

 

–38.2

Impairment losses

 

0.0

 

–0.2

 

0.0

 

–0.21

Net exchange differences

 

0.0

 

–0.6

 

0.0

 

–0.6

Carrying amount as of March 31, 2025

 

170.6

 

110.3

 

29.3

 

310.2

 

 

 

 

 

 

 

 

 

1
Less impairment losses on assets held for sale of EUR 0.1 million (2023/24: EUR 1.8 million).

In millions of euros

The functional classifications—cost of sales, distribution costs, administrative expenses, and other operating expenses—may include amortization of intangible assets.

As of March 31, 2025, commitments for the acquisition of intangible assets amounted to EUR 4.5 million (March 31, 2024: EUR 0.0 million).

Acquisition
Takeover or purchase of companies or of interests in companies.
Cash flow
  • From investing activities: outflow/inflow of liquid assets from investments/disinvestments;
  • From operating activities: outflow/inflow of liquid assets not affected by investment, disinvestment, or financing activities.
  • From financing activities: outflow/inflow of liquid assets from capital expenditures and capital contributions.

Services

Topics filter

Results