Financial Position
Cash Flow
The Group cash flow is as follows:
Key Data from the Statement of Cash Flows
Key Data from the Statement of Cash Flows | |||||
in € million | 3M 2022 | 3M 2023 | |||
Cash flow from operating activities | 513.8 | 516.4 | |||
Cash flow from investing activities | 1,716.6 | -61.1 | |||
Cash flow from financing activities | -138.7 | -460.3 | |||
Influence of changes in foreign exchange rates | -1.1 | -0.9 | |||
Net changes in cash and cash equivalents | 2,090.6 | -5.9 | |||
Cash and cash equivalents at the beginning of the period | 1,432.8 | 1,302.4 | |||
Cash and cash equivalents at the end of the period | 3,523.4 | 1,296.5 | |||
The cash flow from operating activities came to € 516.4 million for the first three months of 2023, compared with € 513.8 million for the first three months of 2022.
The cash flow from investing activities shows a payout balance of € 61.1 million for the first three months of 2023. Payments for the acquisition of investment properties came to € 247.3 million in the first three months of 2023 (3M 2022: € 628.2 million). On the other hand, income from portfolio sales in the amount of € 134.5 million was collected (3M 2022: € 2,548.9 million). The prior-year figure was influenced to a considerable degree by the sale of residential and commercial units to public housing companies in Berlin.
The cash flow from financing activities of € –460.3 million (3M 2022: € –138.7 million) includes payments for regular and unscheduled repayments in the amount of € 516.3 million (3M 2022: € 4,525.4 million) and, on the other hand, proceeds from issuing financial liabilities in the amount of € 256.2 million (3M 2022: € 4,636.2 million). Payouts for transaction and financing costs amounted to € 3.1 million (3M 2022: € 40.6 million). Interest paid in the first three months of 2023 amounted to € 185.2 million (3M 2022: € 139.3 million).
Net changes in cash and cash equivalents came to € –5.9 million.