In EUR mn |
|
|
|
|
Note |
2025 |
2024 |
|---|---|---|---|
Net income for the year |
|
1,520 |
2,024 |
Depreciation, amortization, impairments and write ups |
2,508 |
3,079 |
|
Deferred taxes |
65 |
15 |
|
Current taxes |
1,863 |
2,195 |
|
Income taxes paid incl. tax refunds |
|
–1,960 |
–2,351 |
Losses (+)/gains (–) from disposal of non-current assets and businesses |
21 |
0 |
|
Income from equity-accounted investments and other dividend income |
–383 |
–307 |
|
Dividends received from equity-accounted investments and other companies |
542 |
784 |
|
Interest expenses |
179 |
148 |
|
Interest paid |
|
–200 |
–177 |
Interest income |
–440 |
–446 |
|
Interest received |
|
406 |
444 |
Increase (+)/decrease (–) in personnel provisions |
–43 |
–13 |
|
Net change in other provisions and emissions certificates |
275 |
23 |
|
Other changes |
141 |
–110 |
|
Cash flow from operating activities excluding net working capital effects |
|
4,494 |
5,308 |
Decrease (+)/increase (–) in inventories |
699 |
–72 |
|
Decrease (+)/increase (–) in receivables |
326 |
729 |
|
Increase (+)/decrease (–) in liabilities |
–304 |
–508 |
|
Changes in net working capital components |
|
721 |
148 |
Cash flow from operating activities |
|
5,215 |
5,456 |
thereof Cash flow from operating activities from discontinued operations |
|
852 |
679 |
|
|
|
|
Investments |
|
|
|
Intangible assets and property, plant, and equipment |
–3,849 |
–3,513 |
|
Investments, loans, and other financial assets |
–457 |
–605 |
|
Acquisitions of subsidiaries and businesses, net of cash acquired |
|
–11 |
–199 |
Divestments and other investing cash inflows |
|
|
|
Cash inflows in relation to non-current assets and financial assets |
|
1,108 |
350 |
Cash inflows from the sale of subsidiaries and businesses, net of cash disposed |
455 |
814 |
|
Cash flow from investing activities |
|
–2,754 |
–3,152 |
thereof Cash flow from investing activities from discontinued operations |
|
–196 |
–788 |
|
|
|
|
Increase hybrid bond |
744 |
– |
|
Increase in long-term borrowings |
977 |
990 |
|
Repayments of long-term borrowings |
–1,455 |
–1,047 |
|
Repayment hybrid bond |
–750 |
–500 |
|
Repurchase of own shares |
|
–62 |
– |
Increase (+)/decrease (–) in short-term borrowings |
–7 |
–113 |
|
Dividends paid to stockholders of the parent (incl. hybrid coupons) |
–1,634 |
–1,744 |
|
Dividends paid to non-controlling interests |
–647 |
–717 |
|
Cash flow from financing activities |
|
–2,834 |
–3,132 |
thereof Cash flow from financing activities from discontinued operations |
|
–983 |
–660 |
|
|
|
|
Effect of exchange rate changes on cash and cash equivalents |
|
–53 |
0 |
Net increase (+)/decrease (–) in cash and cash equivalents |
|
–426 |
–828 |
Cash and cash equivalents at beginning of year |
6,182 |
7,011 |
|
Cash and cash equivalents at end of year |
5,756 |
6,182 |
|
Thereof cash disclosed within Assets held for sale |
|
679 |
– |
Cash and cash equivalents presented in the consolidated statement of financial position |
|
5,077 |
6,182 |
