Consolidated statement of cash flows
|
x €1,000) |
Notes |
2025 |
2024 |
|
Net result from continued operations |
210,988 |
82,235 |
|
|
Adjustments for: |
|||
|
• Income tax |
11 |
37,560 |
5,164 |
|
• Depreciation, amortisation and impairments |
150,741 |
132,202 |
|
|
• Share in result of joint ventures and associates |
17 |
(22,608) |
57,651 |
|
• Result on sale of property, plant and equipment and intangible fixed assets |
8 |
(2,053) |
(673) |
|
• Share based payments |
29 |
2,573 |
2,709 |
|
• Finance income |
10 |
(25,984) |
(23,400) |
|
• Finance expense |
10 |
15,631 |
14,862 |
|
Interest received |
24,318 |
22,767 |
|
|
Interest paid |
(19,805) |
(18,461) |
|
|
Income tax paid |
(37,615) |
(15,466) |
|
|
Dividends received from joint ventures and associates |
17 |
20,391 |
25,066 |
|
Cash flow from operations |
354,137 |
284,656 |
|
|
Changes in provisions and pensions |
26,164 |
(30,247) |
|
|
Decrease/(increase) in inventories |
(55,358) |
15,612 |
|
|
Decrease/(increase) in trade and other receivables |
(52,799) |
26,341 |
|
|
Increase/(decrease) in trade and other payables |
72,539 |
(39,032) |
|
|
Net cash flow from operating activities |
344,683 |
257,330 |
|
Notes |
2025 |
2024 |
|
|
Net cash flow from operating activities (continued) |
344,683 |
257,330 |
|
|
Investments in property, plant and equipment |
14 |
(63,523) |
(72,999) |
|
Investments in intangible fixed assets |
16 |
(37,202) |
(12,323) |
|
Investments in non-current receivables and other financial assets |
17/18 |
(40,614) |
(48,418) |
|
Repayments of non-current receivables and other financial assets |
17/18 |
22,723 |
20,607 |
|
Proceeds from sale of property, plant and equipment and intangible fixed assets |
8 |
12,669 |
4,899 |
|
Net proceeds from sale of subsidiaries and associates |
17 |
110,089 |
- |
|
Net cash flow from investing activities |
4,142 |
(108,234) |
|
|
Proceeds from borrowings |
24 |
33,342 |
12,549 |
|
Repayments of borrowings |
24 |
(9,254) |
(7,273) |
|
Repayments of principal portion of lease liabilities |
15 |
(105,877) |
(86,008) |
|
Payment of dividend |
23 |
(66,045) |
(26,135) |
|
Repurchase of ordinary shares |
23 |
(50,036) |
(65,525) |
|
Net cash flow from financing activities |
(197,870) |
(172,392) |
|
|
Total cash flow |
150,955 |
(23,296) |
|
|
Cash and cash equivalents on 1 January |
21 |
763,420 |
757,333 |
|
Exchange rate differences on cash and cash equivalents |
(30,948) |
29,383 |
|
|
Cash and cash equivalents on 31 December |
21 |
883,427 |
763,420 |
