Consolidated Cash flow Statement
for the year ended 31 December
|
In € millions |
Note |
2024 |
2023 |
|
Cash flows from operating activities |
|||
|
Result for the period |
242 |
160 |
|
|
Adjustments for: |
|||
|
Depreciation and amortization |
14,15,16 |
111 |
114 |
|
Amortization other identifiable intangible assets |
14 |
29 |
59 |
|
Income taxes |
12 |
97 |
63 |
|
Net finance expense |
11 |
53 |
65 |
|
Result from Investments accounted for using the equity method |
17 |
(3) |
(4) |
|
Adjusted profit for the period (EBITDA)1 |
529 |
458 |
|
|
Change in Inventories |
0 |
0 |
|
|
Change in Contract assets and liabilities, provision for onerous contracts |
(20) |
51 |
|
|
Change in Trade receivables |
(12) |
(10) |
|
|
Change in Accounts payable |
(21) |
(40) |
|
|
Change in Net working capital |
(53) |
1 |
|
|
Change in Other receivables |
14 |
(51) |
|
|
Change in Current liabilities |
6 |
41 |
|
|
Change in Other working capital |
20 |
(10) |
|
|
Change in Provisions |
27,28 |
(15) |
3 |
|
Share-based compensation |
10 |
8 |
6 |
|
(Gain)/ loss on divestments |
8 |
(2) |
2 |
|
Result on derecognition of leases |
(0) |
(0) |
|
|
Change in operational derivatives |
(1) |
(0) |
|
|
Settlement of operational derivatives |
- |
1 |
|
|
Dividend received |
3 |
4 |
|
|
Interest received2 |
8 |
2 |
|
|
Interest paid2 |
(52) |
(28) |
|
|
Corporate tax paid |
(95) |
(131) |
|
|
Net cash generated from operating activities |
350 |
309 |
|
In € millions |
Note |
2024 |
2023 |
|
Cash flows from investing activities |
|||
|
Investments in (in)tangible assets |
14,15 |
(45) |
(41) |
|
Proceeds from sale of (in)tangible assets/ reversal of non-cash items |
0 |
1 |
|
|
Investments in consolidated companies |
6 |
(2) |
(3) |
|
Proceeds from sale of consolidated companies |
6 |
1 |
7 |
|
Investments in/ loans to associates and joint ventures |
17 |
(0) |
(0) |
|
Proceeds from (sale of) associates and joint ventures |
17 |
0 |
- |
|
Investments in other non-current assets and other investments |
18,20 |
(2) |
(5) |
|
Proceeds from (sale of) other non-current assets and other investments |
18,20 |
2 |
4 |
|
Net cash used in investing activities |
(46) |
(37) |
|
|
Cash flows from financing activities |
|||
|
Proceeds from exercise of options |
10,25 |
- |
1 |
|
Purchase of own shares |
25 |
(51) |
- |
|
Settlement of financing derivatives |
19 |
9 |
(12) |
|
New long-term loans and borrowings |
29 |
95 |
719 |
|
Repayment of long-term loans and borrowings |
29 |
(116) |
(806) |
|
New short-term borrowings |
29 |
60 |
- |
|
Repayment of short-term borrowings |
29 |
(60) |
- |
|
Payment of lease liabilities |
16 |
(78) |
(79) |
|
Dividends paid to shareholders |
(76) |
(66) |
|
|
Net cash used in financing activities |
(218) |
(245) |
|
|
Net change in Cash and cash equivalents less Bank overdrafts |
86 |
28 |
|
|
Exchange rate differences |
9 |
(6) |
|
|
Cash and cash equivalents less Bank overdrafts at 1 January |
280 |
258 |
|
|
Cash and cash equivalents less Bank overdrafts at 31 December |
375 |
280 |
