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 | 6M 2023 | 6M 2024 | |||
Cash flow from operating activities | 911.4 | 1,127.8 | |||
Cash flow from investing activities | -346.2 | 114.4 | |||
Cash flow from financing activities | -186.3 | -1,107.8 | |||
Influence of changes in foreign exchange rates | -4.7 | -2.7 | |||
Net changes in cash and cash equivalents | 374.2 | 131.7 | |||
Cash and cash equivalents at the beginning of the period | 1,302.4 | 1,374.4 | |||
Cash and cash equivalents at the beginning of the period from | – | 44.4 | |||
Cash and cash equivalents at the beginning of the period | 1,302.4 | 1,418.8 | |||
Cash and cash equivalents at the end of the period | 1,676.6 | 1,550.5 | |||
Less cash and cash equivalents from discontinued operations | – | -49.5 | |||
Cash and cash equivalents at the end of the period | 1,676.6 | 1,501.0 | |||
The cash flow from operating activities came to € 1,127.8 million for the first six months of 2024, compared with € 911.4 million for the first six months of 2023.
The cash flow from investing activities shows net proceeds of € 114.4 million for the first six months of 2024. Payments for the acquisition of investment properties came to € 427.0 million in the first six months of 2024 (6M 2023: € 445.1 million). On the other hand, income from portfolio sales in the amount of € 624.2 million was collected (6M 2023: € 201.4 million).
The cash flow from financing activities of € -1,107.8 million (6M 2023: € -186.3 million) includes payments for regular and unscheduled repayments on financial liabilities in the amount of € 1,708.2 million (6M 2023: € 1,547.6 million) and, on the other hand, proceeds from issuing financial liabilities in the amount of € 1,723.4 million (6M 2023: € 1,071.3 million). Payouts for transaction and financing costs amounted to € 34.3 million (6M 2023: € 5.6 million). Interest paid in the first six months of 2024 amounted to € 430.5 million (6M 2023: € 378.4 million). The payouts to shareholders of Vonovia SE came to € 506.4 million (6M 2023: € 372.9 million).
Net changes in cash and cash equivalents came to € 131.7 million.