Annual Report 2024

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Consolidated Statement of Cash Flows

for the period from January 1 to December 31, 2024

Consolidated Statement of cash flows (in EUR thousand)

 

 

Notes

 

2024

 

2023

 

 

(23)

 

 

 

 

Net income

 

 

 

223,594

 

269,790

Depreciation/amortization

 

(8)

 

414,206

 

341,697

Gain/loss on the monetary positions under IAS 29

 

 

 

(3,812)

 

1,129

Unrealized net foreign exchange gain/loss

 

 

 

(5,779)

 

13,132

Other non-cash transactions

 

 

 

1,633

 

3,701

Income tax expense/income

 

(5)

 

77,909

 

87,099

Interest expenses/income

 

(4)

 

54,978

 

44,861

Change in inventories

 

 

 

(4,162)

 

(99,592)

Change in receivables and other assets

 

 

 

10,914

 

(123,472)

Change in trade payables and other liabilities

 

 

 

112,684

 

(50,964)

Result from disposal of non-current assets

 

 

 

12,072

 

5,223

Change in provisions for pensions

 

(19)

 

(334)

 

(9,770)

Change in other provisions

 

 

 

(34,881)

 

(18,429)

Income taxes paid

 

 

 

(73,509)

 

(70,762)

Cash flow from operating activities

 

 

 

785,511

 

393,643

Investments in property, plant, and equipment

 

(8)

 

(227,013)

 

(247,385)

Investments in intangible assets

 

(8)

 

(58,606)

 

(50,123)

Equity investments

 

 

 

(1,481)

 

0

Disposal of subsidiaries, net of cash disposed of

 

 

 

(1,142)

 

0

Impact from sales of property, plant, and equipment and intangible assets

 

 

 

(1,571)

 

(1,610)

Interest received

 

 

 

1,213

 

1,479

Cash flow from investing activities

 

 

 

(288,601)

 

(297,638)

Dividends paid to equity holders of the parent company

 

 

 

(93,172)

 

(69,016)

Dividends paid to non-controlling interests

 

(16)

 

(6,210)

 

(11,444)

Proceeds from current financial liabilities

 

 

 

3,451

 

2,000

Repayment of current financial liabilities

 

(22)

 

(90,085)

 

(60,554)

Proceeds from non-current financial liabilities

 

(22)

 

50,272

 

279,473

Repayment of lease liabilities

 

(22)

 

(216,123)

 

(221,577)

Interest paid

 

 

 

(52,862)

 

(41,327)

Cash flow from financing activities

 

 

 

(404,728)

 

(122,445)

Exchange rate-related changes in cash and cash equivalents

 

 

 

113

 

(2,636)

Change in cash and cash equivalents

 

 

 

92,295

 

(29,076)

Cash and cash equivalents at the beginning of the period

 

 

 

118,327

 

147,403

Cash and cash equivalents at the end of the period

 

(14)

 

210,622

 

118,327