In EUR mn |
|
|
|
|---|---|---|---|
|
2024 |
2023 |
∆ |
Cash flow from operating activities excluding net working capital effects |
5,308 |
4,638 |
14% |
Cash flow from operating activities |
5,456 |
5,709 |
–4% |
Cash flow from investing activities |
–3,152 |
–3,027 |
4% |
Free cash flow |
2,304 |
2,682 |
–14% |
Cash flow from financing activities |
–3,132 |
–3,771 |
–17% |
Effect of exchange rate changes on cash and cash equivalents |
0 |
–25 |
n.m. |
Net increase (+)/decrease (–) in cash and cash equivalents |
–828 |
–1,114 |
–26% |
Cash and cash equivalents at beginning of period |
7,011 |
8,124 |
–14% |
Cash and cash equivalents at end of period |
6,182 |
7,011 |
–12% |
thereof cash disclosed within Assets held for sale |
– |
91 |
n.m. |
Cash and cash equivalents presented in the consolidated statement of financial position |
6,182 |
6,920 |
–11% |
Free cash flow after dividends |
–158 |
349 |
n.m. |
In 2024, cash flow from operating activities excluding net working capital effects increased to EUR 5,308 mn (2023: EUR 4,638 mn), supported by lower income tax payments. Net working capital effects were positive and came in at EUR 148 mn, compared to EUR 1,071 mn in 2023. The prior-year period was impacted by a significant decrease in gas prices. As a result, cash flow from operating activities totaled EUR 5,456 mn (2023: EUR 5,709 mn).
Cash flow from investing activities showed an outflow of EUR –3,152 mn in 2024, compared to EUR –3,027 mn in 2023. In 2024, cash flow from investing activities contained inflows of EUR 766 mn from the successful divestment of OMV’s 50% share in SapuraOMV. Cash flow from investing activities in 2023 included cash inflows of EUR 661 mn related to the successful divestment of the Borealis nitrogen business and EUR 272 mn from the divestment of OMV’s filling station and wholesale business in Slovenia.
Cash flow from financing activities showed an outflow of EUR –3,132 mn compared to EUR –3,771 mn in 2023. 2024 was positively impacted by the issuance of two bonds (EUR 500 mn each). Cash flow from financing activities in 2024 included repayments of a bond and a hybrid bond totaling a nominal value of EUR 1.00 bn (2023: EUR 1.25 bn).