Financial Report – Consolidated financial statements

Consolidated cash flow statement

EUR million	Notes	2023	2022
Net profit		44.6	56.7
Depreciation and amortisation of property, plant and equipment	4	23.6	23.0
Depreciation and amortisation of intangible assets	4	1.0	0.9
Other non-cash changes		2.2	9.0
(Gain)/loss on disposals of non-current assets		0.1	–0.1
(Increase)/decrease in trade accounts receivable		21.5	–11.0
(Increase)/decrease in other receivables, prepayments and accrued income		3.8	–3.4
(Increase)/decrease in inventories		8.1	–18.1
Increase/(decrease) in trade accounts payable		–8.7	5.6
Increase/(decrease) in other short-term liabilities, accruals and deferred income		–9.6	0.1
Increase/(decrease) in provisions	6	0.1	–5.6
(Increase)/decrease in deferred tax assets	4	1.0	2.3
Cash flow from operating activities		87.8	59.3
Investments in property, plant and equipment	4	–22.6	–26.3
Investments in intangible assets		–0.5	–0.8
Investments in subsidiaries	23	–0.1	–63.9
Divestment of property, plant and equipment		0.4	0.7
Cash flow from investing activities		–22.8	–90.3
Dividends paid to shareholders		–20.6	–20.2
Dividends paid to minority shareholders		–3.5	–1.6
Purchase of own shares		–17.3	–22.1
Sale of own shares		2.7	1.8
Increase/(decrease) in short-term financial liabilities	5	–3.2	–3.3
Increase/(decrease) in long-term financial liabilities	5	–	–6.3
Increase/(decrease) in other liabilities		–	–0.1
Cash flow from financing activities		–41.9	–51.9
Currency effects		–0.9	1.7
Increase/(decrease) in liquid assets		22.1	–81.2
Liquid assets at 1.1.		55.1	136.4
Liquid assets at 31.12.		77.2	55.1
Increase/(decrease)		22.1	–81.2