Annual Report 2005/06 - voestalpine

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Contents Pre-print Annual Report 2005/06 The Company 06 Group structure 08 Supervisory Board 10 Management Board 12 Letter from the Management Board 14 10 years on the stock exchange 18 Investor relations 22 Corporate governance managemenT reporT 26 Highlights 27 Economic environment 29 Business performance 33 Raw materials and energy 34 Acquisitions 35 Investments 37 Employees 39 Environment 40 Research and development 42 Risk management 44 Outlook
Divisional reporTs 48 Division Steel 54 Division Railway Systems 60 Division Automotive 66 Division Profilform ConsoliDaTeD FinanCial sTaTemenTs 75 Report of the Supervisory Board 76 Consolidated income statement 77 Consolidated cash flow statement 78 Consolidated balance sheet 80 Statement of changes in equity 82 Notes to the consolidated financial statements 136 Auditor’s report 138 Group companies serviCe 146 Addresses 152 Glossary, contact, imprint Annual Report 2005/06
Page 1 and 2: Annual Report 2005/06 www.voestalpi
Page 3 and 4: Who we are We are a leading Europea
Page 5: tHe GrOUP at a GLaNce voestalpine G
Page 9 and 10: voestalpine automotive gmbh voestal
Page 11 and 12: mag. Dr. Josef peischer Member of t
Page 13 and 14: Dr. Wolfgang eder (Born 1952, at vo
Page 15 and 16: In a market environment characteriz
Page 17 and 18: 2002 2003 200 200 2000/01 Revenue (
Page 19 and 20: +253.0% 3. 2 . 0 Rubrik 13.13 1 200
Page 21 and 22: priCe perFormanCe oF The voestalpin
Page 23 and 24: Share capital: EUR 287,784,423.30 d
Page 25 and 26: With regard to Rule 49 of the Code,
Page 27 and 28: +164.7% 2, .1 3,1 .1 Rubrik , 01. 1
Page 29 and 30: eport of the Management Board Manag
Page 31 and 32: BUsiness perFormanCe oF The voestal
Page 33 and 34: stoppage due to the start-up of ope
Page 35 and 36: motive), as well as in the special
Page 37 and 38: In May 2005, the Division Railway S
Page 39 and 40: In the first quarter of the busines
Page 41 and 42: In January 2006, a newly built cent
Page 43 and 44: Additionally, a new generation of t
Page 45 and 46: expansion of autonomy in the supply
Page 47 and 48: until the end of 2006. A balanced s
Page 49: Rubrik SucceSSful worldwide Annual
Page 52 and 53: Berichte der Divisionen 0 Annual Re
Page 54 and 55: Divisional Reports 2 Annual Report
Page 56 and 57:
Rubrik Geschäftsbericht 2005/06
Page 58 and 59:
Berichte der Divisionen Annual Repo
Page 60 and 61:
Divisional Reports Annual Report 20
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0 Rubrik Geschäftsbericht 2005/06
Page 64 and 65:
Berichte der Divisionen 2 Annual Re
Page 66 and 67:
Divisional Reports Annual Report 20
Page 68 and 69:
Rubrik Geschäftsbericht 2005/06
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Berichte der Divisionen Annual Repo
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Divisional Reports 0 Annual Report
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STrATeGy workS. Profitable growth d
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Consolidated Financial Statements v
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Consolidated Financial Statements e
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Consolidated Financial Statements A
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Consolidated Financial Statements E
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Consolidated Financial Statements 0
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Consolidated Financial Statements e
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10 Consolidated Financial Statement
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Consolidated Financial Statements V
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1 Consolidated Financial Statements
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1 Consolidated Financial Statements
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1 Service voestalpine Grobblech Gmb
Page 152 and 153:
Service voestalpine Rotec GmbH Grub
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Consolidated Financial Statements G
Page 156 and 157:
1 Service Hot rolled. Product that
Page 158:
voestalpine AG voestalpine-Strasse
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Annual Report 2005/06 - voestalpine

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