Consolidated Statement of Cash Flows
€ million |
|
Notes |
|
2024 |
|
2023 |
---|---|---|---|---|---|---|
|
|
|
|
|
|
|
Net income for the year |
|
|
|
260.7 |
|
327.3 |
Depreciation/amortization of fixed assets |
|
|
472.7 |
|
418.7 |
|
Result from disposal of fixed assets |
|
|
|
8.8 |
|
12.0 |
Other non-cash expenses and income |
|
|
|
15.1 |
|
27.2 |
Result from equity accounting |
|
|
-19.1 |
|
-49.3 |
|
Net interest income |
|
|
4.2 |
|
-7.8 |
|
Interest paid |
|
|
-46.6 |
|
-39.7 |
|
Interest received |
|
|
43.7 |
|
44.5 |
|
Income tax expense |
|
|
-2.3 |
|
59.7 |
|
Taxes paid |
|
|
-60.5 |
|
-58.3 |
|
Dividends received |
|
|
|
17.1 |
|
51.5 |
Change in inventories |
|
|
-368.8 |
|
159.3 |
|
Change in trade receivables |
|
|
34.1 |
|
114.4 |
|
Change in trade payables |
|
|
-51.9 |
|
-49.2 |
|
Change in non-financial assets |
|
|
-25.0 |
|
22.0 |
|
Change in financial assets |
|
|
31.6 |
|
-17.6 |
|
Change in provisions |
|
|
-4.7 |
|
51.7 |
|
Change in non-financial liabilities |
|
|
22.6 |
|
-129.9 |
|
Change in financial liabilities |
|
|
-4.9 |
|
1.1 |
|
Change in contract liabilities |
|
|
-16.4 |
|
-1.3 |
|
Cash flow from operating activities (gross cash flow) |
|
|
310.4 |
|
936.3 |
|
|
|
|
|
|
|
|
Investments in intangible assets, property, plant and equipment, and investment property |
|
|
-651.6 |
|
-639.6 |
|
Proceeds from investment grants |
|
|
11.3 |
|
– |
|
Investments in financial assets |
|
|
-0.5 |
|
-0.6 |
|
Proceeds from the disposal of fixed assets/financial assets |
|
|
|
2.6 |
|
1.1 |
Proceeds from the disposal of equity-accounted investments |
|
|
|
8.5 |
|
– |
Proceeds from loans to equity companies |
|
|
|
6.0 |
|
– |
Cash payments for loans to equity companies |
|
|
|
-1.1 |
|
-21.2 |
Cash payments for acquisitions |
|
|
|
-11.6 |
|
-110.4 |
Cash flow from long-term investing activities before securities |
|
|
|
-636.4 |
|
-770.7 |
Cash receipts from the disposal of securities and fixed-term deposits |
|
|
259.7 |
|
1,153.5 |
|
Cash payments for the acquisition of securities and fixed-term deposits |
|
|
-58.6 |
|
-490.4 |
|
Cash flow from investing activities |
|
|
-435.3 |
|
-107.6 |
|
|
|
|
|
|
|
|
Dividends paid |
|
|
-149.0 |
|
-596.1 |
|
Dividends paid to non-controlling interests |
|
|
|
-19.9 |
|
-8.7 |
Additions to financing liabilities |
|
|
623.1 |
|
407.2 |
|
Repayment of financing liabilities |
|
|
-272.4 |
|
-454.0 |
|
Lease liabilities repaid |
|
|
-35.9 |
|
-36.5 |
|
Cash flow from financing activities |
|
|
145.9 |
|
-688.1 |
|
Change due to exchange-rate fluctuations |
|
|
|
12.0 |
|
-21.6 |
Change in cash and cash equivalents |
|
|
33.0 |
|
119.0 |
|
At the beginning of the year |
|
|
|
1,013.7 |
|
894.7 |
At the end of the year |
|
|
|
1,046.7 |
|
1,013.7 |