Cash flow before capital changes in the amount of EUR 842.6 million increased compared to the first three quarters of the business year 2013/14 (EUR 829.2 million). Taking the change in working capital into consideration, cash flows from operating activities amounted to EUR 725.0 million in comparison to EUR 528.0 million in the first three quarters of the preceding year; this represents an improvement of about 37%. After the deduction of EUR 628.0 million in cash flows from investing activities and taking into account cash flows from financing activities amounting to EUR –219.6 million (mainly borrowings and dividends as well as redemption of the hybrid bond 2007), the resulting change in cash and cash equivalents (without net exchange differences) amounts to EUR –122.6 million.