|
|
2022 |
2021 |
|
Profit incl. minority interests |
190,604 |
230,686 |
|
Net interest expense |
14,072 |
6,399 |
|
Income taxes |
38,941 |
45,202 |
|
Result from sale of fixed assets |
-878 |
-2,958 |
|
Depreciation and amortisation |
111,273 |
108,756 |
|
Impairment charges |
15,110 |
1,903 |
|
Change in provisions |
974 |
-7,559 |
|
Income from associates and joint ventures |
148 |
-3,718 |
|
Other non-cash adjustments |
6,914 |
-4,600 |
|
Cash flow before changes in net working capital, interest and taxes |
377,158 |
374,111 |
|
|
|
|
|
Change in inventories |
-76,150 |
-50,737 |
|
Change in trade receivables |
-66,143 |
-19,281 |
|
Change in other receivables, prepayments and accrued income |
-3,741 |
-12,828 |
|
Change in trade payables |
39,194 |
14,855 |
|
Change in other payables, accrued liabilities and deferred income |
-4,394 |
7,955 |
|
Interest paid |
-15,705 |
-6,989 |
|
Taxes paid |
-41,871 |
-47,180 |
|
Cash flow from operating activities |
208,348 |
259,906 |
|
|
|
|
|
Investments in property, plant and equipment |
-200,264 |
-151,196 |
|
Proceeds from disposal of property, plant and equipment |
1,992 |
4,166 |
|
Investments in intangible assets |
-4,307 |
-6,218 |
|
Acquisition of consolidated investments/businesses |
-5,983 |
-261,823 |
|
Acquisition of minority interests |
-17,558 |
-15,009 |
|
Change in loans receivable |
-4,985 |
67 |
|
Dividend received |
782 |
700 |
|
Interest received |
2,155 |
654 |
|
Cash flow from investing activities |
-228,168 |
-428,659 |
|
|
|
|
|
Change in other current financial liabilities |
-65,838 |
-1,064 |
|
Change in other non-current financial liabilities |
108,942 |
-2,833 |
|
Proceeds from bond-issuance |
– |
200,416 |
|
Share of minority shareholders in capital increases of Group companies |
10,847 |
– |
|
Dividend payments to shareholders |
-74,897 |
-69,548 |
|
Dividend payments to minority shareholders |
-2,148 |
-5,681 |
|
Cash flow from financing activities |
-23,094 |
121,290 |
|
|
|
|
|
Currency translation |
-2,172 |
73 |
|
Net change in cash and cash equivalents |
-45,086 |
-47,390 |
|
|
|
|
|
Cash and cash equivalents at beginning of period |
247,281 |
294,671 |
|
Cash and cash equivalents at end of period |
202,195 |
247,281 |