Cash provided by operating activities of €1,782 million mainly consists of the EBITDA for the year (€1,991 million) and the change in working capital of €198 million, partly offset by the income tax payment of €275 million.
Overall, the full-year operating cash flow increased by €513 million. This was mainly caused by the improved EBITDA, due to the full-year effect of former Firmenich, and improved business results.
The cash used in investing activities consisted mainly of the capital expenditures (-€764 million), partly offset by the €397 million proceeds from disposals of other non-current assets, which was primarily caused by the divestment of the Robertet shares. The cash used in financing activities included the dividend paid (-€667 million), repayment of borrowings (-€623 million), and the repurchase of shares (-€706 million), partly offset by the issuance of a corporate bond (€800 million).
x € million |
|
2024 |
|
2023 |
|---|---|---|---|---|
Cash and cash equivalents at 1 January |
|
2,456 |
|
2,755 |
|
|
|
|
|
Cash provided by operating activities |
|
1,778 |
|
1,265 |
Cash from/(used in) investing activities |
|
(252) |
|
(726) |
Cash from/(used in) financing activities |
|
(1,334) |
|
(820) |
Effect of exchange differences |
|
19 |
|
(18) |
Cash and cash equivalents at 31 December |
|
2,667 |
|
2,456 |
For the full cash flow statement, see the Consolidated Financial Statements.