The lower operating result led to a decrease in cash flow before capital changes from EUR 617.9 million to EUR 581.4 million. Taking the change in working capital into consideration, cash flows from operating activities amounted to EUR 604.2 million in comparison to EUR 167.7 million in the first half of the preceding year; this represents a significant increase. After the deduction of EUR 470.9 million in cash flows from investing activities and taking into account cash flows from financing activities amounting to EUR –192.7 million (mainly dividends), the resulting change in cash and cash equivalents (without net exchange differences) amounts to EUR –59.4 million.