Changes in the scope of consolidation
The changes made in the scope of consolidation during the first half of the business year 2026/27 were as follows:
|
|
Full consolidation |
|
Equity method |
|---|---|---|---|---|
|
|
|
|
|
As of April 1, 2026 |
|
277 |
|
10 |
Additions from acquisitions |
|
|
|
|
Change in the consolidation method and incorporation |
|
|
|
|
Additions |
|
3 |
|
|
Reorganizations |
|
−2 |
|
|
Divestments or disposals |
|
−2 |
|
|
As of September 30, 2026 |
|
276 |
|
10 |
Of which companies not based in Austria |
|
220 |
|
4 |
The following fully consolidated entities were deconsolidated during the first half of the business year 2026/27:
Name of entity |
|
Date of deconsolidation |
|---|---|---|
|
|
|
Full consolidation |
|
|
voestalpine BÖHLER Profil GmbH & Co KG |
|
April 30, 2026 |
voestalpine BÖHLER Profil VerwaltungsGmbH |
|
April 30, 2026 |
|
|
|
Reorganizations |
|
|
voestalpine Edelstahl Deutschland GmbH |
|
April 1, 2026 |
voestalpine High Performance Metals Deutschland Holding GmbH |
|
April 1, 2026 |
Discontinued operations and disposal groups
On January 12, 2026, the Management Board resolved to sell the asset CGU voestalpine BÖHLER Profil GmbH & Co KG, Austria, which operates in the High Performance Metals segment. The company supplies special profiles to various industrial markets and is also one of the leading manufacturers of profiles for industrial knives.
The criteria for classification as held for sale were met in the business year 2025/26. As part of a structured sales process, negotiations were concluded with the signing of the purchase agreement on January 29, 2026. The industrial company Kadant Inc., Westford, Massachusetts, USA, acquired not only the company but also all approximately 150 employees. Until the closing of the sale on April 30, 2026, voestalpine BÖHLER Profil GmbH & Co KG was classified by management as a disposal group and accounted for in accordance with IFRS 5 .
On April 30, 2026, the sale of 100% of the shares in voestalpine BÖHLER Profil GmbH & Co KG was completed. The sales price amounted to EUR 150.8 million, and the gain on disposal amounted to EUR 134.4 million, which was recognized in other operating income.
The following table shows the main groups of assets and liabilities disposed of, as well as the result and the net cash inflow:
|
|
03/31/2026 |
|
04/30/2026 |
|---|---|---|---|---|
|
|
|
|
|
Non-current assets |
|
9.7 |
|
9.7 |
Inventories |
|
8.6 |
|
8.6 |
Trade receivables, other receivables and other assets |
|
6.6 |
|
6.6 |
Cash equivalents |
|
0.0 |
|
2.5 |
Total assets |
|
24.9 |
|
27.4 |
Pensions and other non-current employee obligations |
|
2.8 |
|
2.8 |
Provisions |
|
3.5 |
|
3.6 |
Trade and other payables |
|
2.5 |
|
4.6 |
Total liabilities |
|
8.8 |
|
11.0 |
|
|
|
|
|
Net assets sold |
|
|
|
16.4 |
Result from the sale of the disposal group |
|
|
|
134.4 |
Gain from the disposal |
|
|
|
150.8 |
Cash and cash equivalents disposed of |
|
|
|
−2.5 |
Net cash inflow in the business year |
|
|
|
148.3 |
|
|
|
|
|
In millions of euros |
||||
The following entities are included in the Interim Consolidated Financial Statements for the first time in the first half of the business year 2026/27:
Name of entity |
|
Equity interest in % |
|---|---|---|
|
|
|
Full consolidation |
|
|
voestalpine Automotive Components Holding GmbH |
|
100.000% |
HIRD Rail Services Limited |
|
100.000% |
voestalpine Management Consulting (Shanghai) Co., Ltd. |
|
100.000% |
The additions of fully consolidated entities to the scope of consolidation comprise two newly established entities and one company included for the first time.