|
|
2021 |
2020 |
|
Profit incl. minority interests |
230,686 |
201,620 |
|
Net interest expense |
6,399 |
7,483 |
|
Income taxes |
45,202 |
40,637 |
|
Result from sale of fixed assets |
-2,958 |
-175 |
|
Result from sale of investments/businesses |
– |
14,686 |
|
Depreciation and amortisation |
108,756 |
108,837 |
|
Impairment charges |
1,903 |
10,895 |
|
Change in provisions |
-7,559 |
-1,044 |
|
Income from associates and joint ventures |
-3,718 |
826 |
|
Other non-cash adjustments |
-4,600 |
19,787 |
|
Cash flow before changes in net working capital, interest and taxes |
374,111 |
403,552 |
|
|
|
|
|
Change in inventories |
-50,737 |
-16,367 |
|
Change in trade receivables |
-19,281 |
-14,122 |
|
Change in other receivables, prepayments and accrued income |
-12,828 |
-17,357 |
|
Change in trade payables |
14,855 |
10,321 |
|
Change in other payables, accrued liabilities and deferred income |
7,955 |
21,816 |
|
Interest paid |
-6,989 |
-9,219 |
|
Taxes paid |
-47,180 |
-36,054 |
|
Cash flow from operating activities |
259,906 |
342,570 |
|
|
|
|
|
Investments in property, plant and equipment |
-151,196 |
-122,498 |
|
Proceeds from disposal of property, plant and equipment |
4,166 |
1,178 |
|
Purchase of securities |
– |
-5,889 |
|
Investments in intangible assets |
-6,218 |
-3,659 |
|
Proceeds from sale of shares in associates |
– |
3,126 |
|
Acquisition of consolidated investments/businesses |
-276,832 |
-201,067 |
|
Proceeds from sale of investments/businesses |
– |
-901 |
|
Change in loans receivable |
67 |
1,019 |
|
Dividend received |
700 |
15 |
|
Interest received |
654 |
1,896 |
|
Cash flow from investing activities |
-428,659 |
-326,780 |
|
|
|
|
|
Change in other current financial liabilities |
-1,064 |
-26,470 |
|
Change in other non-current financial liabilities |
-2,833 |
486 |
|
Proceeds from bond-issuance |
200,416 |
– |
|
Dividend paid to shareholders |
-69,548 |
-64,198 |
|
Dividend paid to minority interests |
-5,681 |
-1,726 |
|
Cash flow from financing activities |
121,290 |
-91,908 |
|
|
|
|
|
Currency translation |
73 |
-7,323 |
|
Net change in cash and cash equivalents |
-47,390 |
-83,441 |
|
|
|
|
|
Cash and cash equivalents at beginning of period |
294,671 |
378,112 |
|
Cash and cash equivalents at end of period |
247,281 |
294,671 |