Cash flow before capital changes in the amount of EUR 596.0 million increased compared to the first half of the business year 2013/14 (EUR 570.4 million). Taking the change in working capital into consideration, cash flows from operating activities amounted to EUR 533.4 million in comparison to EUR 470.8 million in the first half of the preceding year; this represents an improvement of about 13%. After the deduction of EUR 304.0 million in cash flows from investing activities and taking into account cash flows from financing activities amounting to EUR 83.5 million (mainly borrowings and dividends), the resulting change in cash and cash equivalents (without net exchange differences) amounts to EUR 312.9 million.