Consolidated Statement of Cash Flows
€ million |
|
Notes |
|
2025 |
|
2024 |
|||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
|
|
|
|
|||||
Net income for the year |
|
|
|
-804.9 |
|
260.7 |
|||||
Depreciation/amortization of fixed assets |
|
|
606.4 |
|
472.7 |
||||||
Result from disposal of fixed assets |
|
|
|
10.7 |
|
8.8 |
|||||
Other non-cash expenses and income |
|
|
|
85.0 |
|
40.0 |
|||||
Result from equity accounting |
|
|
334.7 |
|
-19.1 |
||||||
Net interest income |
|
|
34.9 |
|
4.2 |
||||||
Interest paid |
|
|
-63.2 |
|
-46.6 |
||||||
Interest received |
|
|
27.4 |
|
43.7 |
||||||
Income tax expense |
|
|
226.6 |
|
-2.3 |
||||||
Taxes paid |
|
|
-45.0 |
|
-60.5 |
||||||
Change in inventories1 |
|
|
165.8 |
|
-350.4 |
||||||
Change in trade receivables |
|
|
43.6 |
|
34.1 |
||||||
Change in trade payables |
|
|
-74.5 |
|
-51.9 |
||||||
Change in non-financial assets |
|
|
38.8 |
|
-25.0 |
||||||
Change in financial assets |
|
|
-29.1 |
|
31.6 |
||||||
Change in provisions |
|
|
108.0 |
|
-4.7 |
||||||
Change in non-financial liabilities |
|
|
-89.0 |
|
22.6 |
||||||
Change in financial liabilities |
|
|
-0.5 |
|
-4.9 |
||||||
Change in contract liabilities |
|
|
-33.1 |
|
-16.4 |
||||||
Cash flow from operating activities (gross cash flow)2 |
|
|
542.6 |
|
336.6 |
||||||
|
|
|
|
|
|
|
|||||
Investments in intangible assets, property, plant and equipment, and investment property1 |
|
|
-553.2 |
|
-695.0 |
||||||
Proceeds from investment grants |
|
|
– |
|
11.3 |
||||||
Investments in financial assets |
|
|
-0.7 |
|
-0.5 |
||||||
Proceeds from the disposal of fixed assets/financial assets |
|
|
|
4.4 |
|
2.6 |
|||||
Dividends received2 |
|
|
7.8 |
|
17.1 |
||||||
Proceeds from the disposal of equity-accounted investments |
|
|
|
– |
|
8.5 |
|||||
Proceeds from loans to equity companies |
|
|
|
1.3 |
|
6.0 |
|||||
Cash payments for loans to equity companies |
|
|
|
– |
|
-1.1 |
|||||
Cash payments for acquisitions |
|
|
|
-5.8 |
|
-11.6 |
|||||
Cash flow from long-term investing activities before securities2 |
|
|
|
-546.2 |
|
-662.7 |
|||||
Cash receipts from the disposal of securities and fixed-term deposits |
|
|
152.1 |
|
259.7 |
||||||
Cash payments for the acquisition of securities and fixed-term deposits |
|
|
-323.3 |
|
-58.6 |
||||||
Cash flow from investing activities |
|
|
-717.4 |
|
-461.6 |
||||||
|
|
|
|
|
|
|
|||||
Dividends paid |
|
|
-124.2 |
|
-149.0 |
||||||
Dividends paid to non-controlling interests |
|
|
|
-12.5 |
|
-19.9 |
|||||
Additions to financing liabilities |
|
|
611.6 |
|
623.1 |
||||||
Repayment of financing liabilities |
|
|
-168.5 |
|
-272.4 |
||||||
Lease liabilities repaid |
|
|
-34.5 |
|
-35.9 |
||||||
Cash flow from financing activities |
|
|
271.9 |
|
145.9 |
||||||
Change due to exchange-rate fluctuations |
|
|
|
-40.1 |
|
12.1 |
|||||
Change in cash and cash equivalents |
|
|
57.0 |
|
33.0 |
||||||
At the beginning of the year |
|
|
|
1,046.7 |
|
1,013.7 |
|||||
At the end of the year |
|
|
|
1,103.7 |
|
1,046.7 |
|||||
|
|||||||||||