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Financial Policy

Capital Allocation Priorities

Increases transparency, enhances predictability, and thereby supports the execution of Strategy 2030.

A key component of the new strategy is the revised dividend policy. The Executive Board's annual dividend proposal to the Annual General Meeting will be calculated as follows in future:

  • 30% of earnings per share (EPS), provided that the leverage ratio (calculated as net financial debt/EBITDA) does not exceed 2.0 (after dividend payment)
  • In any case, a minimum dividend of EUR 0.40 per share.

Additional distributions and/or share buy-backs are possible in the event of exceptionally good earnings and a leverage ratio within target range (net financial debt/EBITDA less than 2 after dividend payment).

voestalpine Capital Allocation Priorities

Financing Portfolio

voestalpine's financing strategy focuses on a balanced financial structure using a wide range of financing instruments.

Financing Portfolio

Redemption Schedule

The Group's balanced redemption schedule maintains the necessary financial flexibility and minimizes the refinancing risk.

Redemption Schedule

Financial Targets and Principles

Ensuring liquidity
Ensuring investment-grade status
Financial dependence
Conservative financial risk policy
Financial unity and central financing
Banking policy
Rating