Consolidated statement of cash flows

Consolidated statement of cash flows

Consolidated statement of cash flows

 

 

04/01–
09/30/2024

 

04/01–
09/30/2025

 

 

adjusted1

 

 

 

 

 

 

 

Operating activities

 

 

 

 

Profit before tax

 

248.5

 

278.4

Depreciation, amortization, impairments and reversals of impairments, fair value adjustments

 

378.4

 

368.6

Result from the disposal of property, plant and equipment, intangible assets and financial assets

 

−0.2

 

−2.3

Net interest income

 

92.8

 

77.1

Share of profit of entities consolidated according to the equity method and dividend income from other equity investments

 

−10.0

 

−14.9

Changes in pensions and other employee obligations and non-current provisions

 

−15.9

 

−8.9

Other non-cash expenses and income, deposits and disbursements not recognized in income statement

 

15.7

 

54.2

Interest received

 

23.0

 

14.3

Interest paid

 

−101.1

 

−62.5

Taxes paid

 

−161.3

 

−25.0

Dividends received

 

10.9

 

8.5

Change in inventories

 

28.9

 

46.5

Change in receivables and liabilities

 

−58.3

 

145.3

Change in current provisions

 

−105.8

 

−96.0

Cash flows from operating activities

 

345.6

 

783.3

 

 

 

 

 

Investing activities

 

 

 

 

Additions to other intangible assets, property, plant and equipment

 

−507.9

 

−472.1

Income from disposals of assets

 

16.6

 

9.0

Cash flows from the acquisition of control of subsidiaries

 

−19.8

 

−3.3

Cash flows from the loss of control of subsidiaries

 

0.0

 

−21.0

Additions to/divestments of other financial assets

 

62.8

 

208.5

Cash flows from investing activities

 

−448.3

 

−278.9

 

 

 

 

 

Financing activities

 

 

 

 

Dividends paid, equity holders or the parent

 

−120.0

 

−102.9

Dividends paid, non-controlling interests

 

−93.7

 

−14.2

Change in shares held by non-controlling interests

 

0.0

 

−4.5

Increase in non-current financial liabilities

 

1.1

 

0.0

Repayment of non-current financial liabilities

 

−549.0

 

−152.1

Repayment of lease liabilities

 

−92.7

 

−34.2

Change in current financial liabilities and other financial liabilities

 

−13.9

 

−40.1

Cash flows from financing activities

 

−868.2

 

−348.0

 

 

 

 

 

Change in cash and cash equivalents

 

−970.9

 

156.4

Cash and cash equivalents, beginning of year

 

1,322.1

 

781.8

Net exchange differences

 

−5.1

 

−7.1

Cash and cash equivalents, end of year

 

346.1

 

931.1

 

 

 

 

 

1
H 1 2024/25 retrospectively adjusted. For details see General Information/Accounting Policies, Changes to the Presentation of the Consolidated Statement of Cash Flows.

In millions of euros

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