|
|
2023 |
2022 |
|
Profit incl. minority interests |
205,482 |
190,604 |
|
Net interest expense |
16,472 |
14,072 |
|
Income taxes |
32,625 |
38,941 |
|
Result from sale of non-current assets |
-721 |
-878 |
|
Result from sale of investments/businesses |
34,153 |
– |
|
Depreciation and amortisation |
114,686 |
111,273 |
|
Impairment charges |
2,888 |
15,110 |
|
Change in provisions |
-1,011 |
974 |
|
Income from associates and joint ventures |
-872 |
148 |
|
Other non-cash adjustments |
6,572 |
6,914 |
|
Cash flow before changes in net working capital, interest and taxes |
410,274 |
377,158 |
|
|
|
|
|
Change in inventories |
7,353 |
-76,150 |
|
Change in trade receivables |
32,255 |
-66,143 |
|
Change in other receivables, prepayments and accrued income |
-12,900 |
-3,741 |
|
Change in trade payables |
-36,629 |
39,194 |
|
Change in other payables, accrued liabilities and deferred income |
31,851 |
-4,394 |
|
Interest paid |
-19,114 |
-15,705 |
|
Taxes paid |
-42,945 |
-41,871 |
|
Cash flow from operating activities |
370,145 |
208,348 |
|
|
|
|
|
Investments in property, plant and equipment |
-147,075 |
-200,264 |
|
Proceeds from disposal of property, plant and equipment |
1,689 |
1,992 |
|
Purchase of securities |
-4,104 |
– |
|
Sale of securities |
1,166 |
– |
|
Investments in intangible assets |
-2,390 |
-4,307 |
|
Proceeds from sale of shares in associates |
27,147 |
– |
|
Acquisition of consolidated investments/businesses |
-1,892 |
-5,983 |
|
Acquisition of minority interests |
-2,855 |
-17,558 |
|
Proceeds from sale of investments/businesses |
-11,607 |
– |
|
Change in loans receivable |
1,154 |
-4,985 |
|
Dividend received |
425 |
782 |
|
Interest received |
2,514 |
2,155 |
|
Cash flow from investing activities |
-135,828 |
-228,168 |
|
|
|
|
|
Change in other current financial liabilities |
-8,443 |
-65,838 |
|
Change in other non-current financial liabilities |
8,800 |
108,942 |
|
Repayments of bonds |
-200,000 |
– |
|
Proceeds from bond-issuance |
199,751 |
– |
|
Share of minority shareholders in capital increases of Group companies |
– |
10,847 |
|
Dividend payments to shareholders |
-77,572 |
-74,897 |
|
Dividend payments to minority shareholders |
-3,613 |
-2,148 |
|
Cash flow from financing activities |
-81,077 |
-23,094 |
|
|
|
|
|
Currency translation |
-6,320 |
-2,172 |
|
Net change in cash and cash equivalents |
146,920 |
-45,086 |
|
|
|
|
|
Cash and cash equivalents at beginning of period |
202,195 |
247,281 |
|
Cash and cash equivalents at end of period |
349,115 |
202,195 |