Consolidated statement of cash flows
This report is a translation of the original report in German, which is solely valid.
The report for the first through third quarters of 2025/26 was prepared in accordance with the International Financial Reporting Standards (IFRS). This report has not been audited or reviewed, nor does it constitute a complete consolidated interim report pursuant to IAS 34.
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04/01–12/31/2024 |
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04/01–12/31/2025 |
|---|---|---|---|---|
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Operating activities |
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|
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Profit before tax |
|
254.0 |
|
372.0 |
Depreciation, amortization, impairments and reversals of impairments, fair value adjustments |
|
576.6 |
|
555.6 |
Result from the disposal of property, plant and equipment, intangible assets and financial assets |
|
−9.4 |
|
−4.8 |
Net interest income |
|
140.4 |
|
113.0 |
Share of profit of entities consolidated according to the equity method and dividend income from other equity investments |
|
−13.1 |
|
−19.0 |
Changes in pensions and other employee obligations and non-current provisions |
|
−25.8 |
|
−44.8 |
Other non-cash expenses and income, deposits and disbursements not recognized in income statement |
|
−10.1 |
|
56.4 |
Interest received |
|
29.0 |
|
21.4 |
Interest paid |
|
−138.6 |
|
−107.1 |
Taxes paid |
|
−195.8 |
|
−81.3 |
Dividends received |
|
13.8 |
|
11.5 |
Change in inventories |
|
65.8 |
|
−50.4 |
Change in receivables and liabilities |
|
30.2 |
|
324.1 |
Change in current provisions |
|
0.8 |
|
−46.0 |
Cash flows from operating activities |
|
717.8 |
|
1,100.6 |
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|
|
|
|
Investing activities |
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|
|
|
Additions to other intangible assets, property, plant and equipment |
|
−776.9 |
|
−717.8 |
Income from disposals of assets |
|
42.3 |
|
12.6 |
Cash flows from the acquisition of control of subsidiaries |
|
−19.3 |
|
−30.3 |
Cash flows from the loss of control of subsidiaries |
|
0.0 |
|
−20.6 |
Additions to/divestments of other financial assets |
|
−80.5 |
|
210.4 |
Cash flows from investing activities |
|
−834.4 |
|
−545.7 |
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|
|
|
|
Financing activities |
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|
|
|
Dividends paid, equity holders or the parent |
|
−120.0 |
|
−102.9 |
Dividends paid, non-controlling interests |
|
−94.3 |
|
−15.4 |
Change in shares held by non-controlling interests |
|
0.0 |
|
−4.5 |
Increase in non-current financial liabilities |
|
501.1 |
|
1.3 |
Repayment of non-current financial liabilities |
|
−968.5 |
|
−386.6 |
Repayment of lease liabilities |
|
−110.2 |
|
−47.7 |
Change in current financial liabilities and other financial liabilities |
|
75.2 |
|
2.0 |
Cash flows from financing activities |
|
−716.7 |
|
−553.8 |
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|
|
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|
Change in cash and cash equivalents |
|
−833.3 |
|
1.1 |
Cash and cash equivalents, beginning of year |
|
1,322.1 |
|
781.8 |
Net exchange differences |
|
−3.7 |
|
−6.3 |
Cash and cash equivalents, end of year |
|
485.1 |
|
776.6 |
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In millions of euros |
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