Consolidated statement of cash flows 2023

March 13, 2024
Investor Relations
Financials

IN EUR M

2023

2022

1 Net income/loss
for the period

83.0

16.8

2 + Non-cash expenses from
share-based payments

83.0

72.5

3 + Depreciation of property,
plant and equipment,
right-of-use assets and
amortization of
intangible assets

334.0

312.4

4 +/- Income taxes

69.9

22.0

5 - Income taxes paid,
less refunds

-39.0

-64.1

6 +/- Increase/decrease
in provisions

17.6

7.2

7 -/+ Other non-cash
income/expenses

7.9

13.8

8 +/- Decrease/increase
in inventories

368.6

-260.1

9 +/- Decrease/increase in
trade and other receivables

13.7

-169.5

10 +/- Increase/decrease in
trade payables and
similar liabilities

-168.9

489.9

11 +/- Increase/decrease in
other assets/liabilities

179.7

19.1

12 = Cash flow from
operating activities

949.5

459.9

13 + Cash received from
sales of property,
plant and equipment,
intangibles and other
long-term assets

3.5

0.0

14 - Cash paid for
investments in property,
plant and equipment

-190.5

-274.5

15 - Cash paid for
investments in
intangible assets

-72.7

-77.1

16 - Cash paid for
acquisition of shares in
associated companies,
subsidiaries less cash
acquired and other
equity investments

-6.1

-127.0

17 +/- Cash received from/
paid for investments
in term deposits

-50.0

0.0

18 +/- Change in
restricted cash

-4.9

2.5

19 = Cash flow from
investing activities

-320.7

-476.2

20 + Cash received from
capital increases by
the shareholders and
stock option exercises
less transaction costs

4.5

4.4

21 - Repurchase of
treasury shares

0.0

-136.2

22 - Cash repayments of
loans and similar payments

0.0

-3.3

23 - Cash payments for the
principal portion of
lease liabilities

-128.1

-110.8

24 = Cash flow from
financing activities

-123.6

-245.9

25 = Net change in cash
and cash equivalents from
cash relevant transactions

505.2

-262.2

26 +/- Change in cash and
cash equivalents due to
exchange rate movements

3.2

-0.9

27 + Cash and
cash equivalents at the
beginning of the period

2,024.8

2,287.9

28 = Cash and
cash equivalents as of
December 31

2,533.2

2,024.8