|
|
2024 |
2023 |
|
Profit incl. minority interests |
238,123 |
205,482 |
|
Net interest expense |
16,665 |
16,472 |
|
Income taxes |
42,566 |
32,625 |
|
Result from sale of non-current assets |
-585 |
-721 |
|
Result from sale of investments/businesses |
– |
34,153 |
|
Depreciation and amortisation |
125,730 |
114,686 |
|
Impairment charges |
2,205 |
2,888 |
|
Change in provisions |
3,141 |
-1,011 |
|
Income from associates and joint ventures |
580 |
-872 |
|
Other non-cash adjustments |
-3,443 |
6,572 |
|
Cash flow before changes in net working capital, interest and taxes |
424,982 |
410,274 |
|
|
|
|
|
Change in inventories |
6,432 |
7,353 |
|
Change in trade receivables |
-24,049 |
32,255 |
|
Change in other receivables, prepayments and accrued income |
1,503 |
-12,900 |
|
Change in trade payables |
40,039 |
-36,629 |
|
Change in other payables, accrued liabilities and deferred income |
13,755 |
31,851 |
|
Interest paid |
-20,617 |
-19,114 |
|
Taxes paid |
-35,168 |
-42,945 |
|
Cash flow from operating activities |
406,877 |
370,145 |
|
|
|
|
|
Investments in property, plant and equipment |
-114,393 |
-147,525 |
|
Asset-related government grants |
1,573 |
450 |
|
Proceeds from disposal of property, plant and equipment |
1,505 |
1,689 |
|
Purchase of securities |
– |
-4,104 |
|
Sale of securities |
– |
1,166 |
|
Investments in intangible assets |
-9,488 |
-2,390 |
|
Capital increase of associates and joint ventures |
-595 |
– |
|
Proceeds from sale of shares in associates |
– |
27,147 |
|
Acquisition of consolidated investments/businesses |
-841,944 |
-1,892 |
|
Acquisition of minority interests |
-2,933 |
-2,855 |
|
Proceeds from sale of investments/businesses |
– |
-11,607 |
|
Change in loans receivable |
-2,422 |
1,154 |
|
Dividend received |
404 |
425 |
|
Interest received |
5,359 |
2,514 |
|
Cash flow from investing activities |
-962,934 |
-135,828 |
|
|
|
|
|
Change in other current financial liabilities |
-30,638 |
-8,443 |
|
Change in other non-current financial liabilities |
622 |
8,800 |
|
Repayments of bonds |
– |
-200,000 |
|
Proceeds from bond issuance |
624,205 |
199,751 |
|
Dividend payments to shareholders |
-82,922 |
-77,572 |
|
Dividend payments to minority shareholders |
-3,314 |
-3,613 |
|
Cash flow from financing activities |
507,953 |
-81,077 |
|
|
|
|
|
Currency translation |
2,650 |
-6,320 |
|
Net change in cash and cash equivalents |
-45,454 |
146,920 |
|
|
|
|
|
Cash and cash equivalents at beginning of period |
349,115 |
202,195 |
|
Cash and cash equivalents at end of period |
303,661 |
349,115 |