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 | 9M 2023 | 9M 2024 | |||
Cash flow from operating activities | 1,282.7 | 1,645.5 | |||
Cash flow from investing activities | -584.1 | 232.8 | |||
Cash flow from financing activities | -1,044.2 | -1,134.2 | |||
Influence of changes in foreign exchange rates | -3.3 | 0.6 | |||
Net changes in cash and cash equivalents | -348.9 | 744.7 | |||
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 | 953.5 | 2,163.5 | |||
Less cash and cash equivalents from discontinued operations | – | -58.9 | |||
Cash and cash equivalents at the end of the period | 953.5 | 2,104.6 | |||
The cash flow from operating activities came to € 1,645.5 million for the first nine months of 2024, compared with € 1,282.7 million for the first nine months of 2023.
The cash flow from investing activities shows net proceeds of € 232.8 million for the first nine months of 2024. Payments for the acquisition of investment properties came to € 690.9 million in the first nine months of 2024 (9M 2023: € 780.4 million). On the other hand, income from portfolio sales in the amount of € 1,076.1 million was collected (9M 2023: € 300.1 million).
The cash flow from financing activities of € -1,134.2 million (9M 2023: € -1,044.2 million) includes payments for regular and unscheduled repayments on financial liabilities in the amount of € 2,141.2 million (9M 2023: € 4,275.8 million) and, on the other hand, proceeds from issuing financial liabilities in the amount of € 2,309.4 million (9M 2023: € 3,299.1 million). Payouts for transaction and financing costs amounted to € 36.2 million (9M 2023: € 5.4 million). Interest paid in the first nine months of 2024 amounted to € 596.0 million (9M 2023: € 545.3 million). The payouts to shareholders of Vonovia SE came to € 506.4 million (9M 2023: € 372.9 million).
Net changes in cash and cash equivalents came to € 744.7 million.