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 | 2023 | 2024 | |||
Cash flow from operating activities | 1,901.2 | 2,401.6 | |||
Cash flow from investing activities | -825.9 | -187.6 | |||
Cash flow from financing activities | -961.0 | -1,821.0 | |||
Influence of changes in foreign exchange rates | 2.1 | -3.4 | |||
Net changes in cash and cash equivalents | 116.4 | 389.6 | |||
Change in cash and cash equivalents related to discontinued operations* | 2.8 | -0.9 | |||
Reclassification of cash and cash equivalents into disposal group | – | -8.2 | |||
Cash and cash equivalents at the beginning of the period | 1,260.8 | 1,374.4 | |||
Cash and cash equivalents at the end of the period | 1,374.4 | 1,756.7 | |||
- *For reasons of comparability, a separate presentation is made for the year 2023 in accordance with IFRS 5 as in 2024.
The cash flow from operating activities came to € 2,401.6 million in 2024, compared with € 1,901.2 million in 2023.
The cash flow from investing activities shows a payout balance of € 187.6 million for 2024. Payments for the acquisition of investment properties came to € 1,265.9 million (2023: € 1,103.7 million). On the other hand, income from portfolio sales in the amount of € 1,398.3 million was collected (2023: € 588.4 million).
The cash flow from financing activities of € -1,821.0 million (2023: € -961.0 million) includes payments for regular and unscheduled repayments on financial liabilities in the amount of € 3,212.3 million (2023: € 6,191.2 million) and, on the other hand, proceeds from issuing financial liabilities in the amount of € 2,943.8 million (2023: € 4,310.3 million). Payouts for transaction and financing costs amounted to € 48.6 million (2023: € 1.9 million). Interest paid came to € 766.8 million in 2024 (2023: € 719.3 million). The payouts to shareholders of Vonovia SE came to € 506.4 million (2023: € 372.9 million), with cash paid to non-controlling shareholders coming to € 143.7 million (2023: € 40.5 million). The previous year had also been influenced by proceeds from the sale of shares in consolidated companies in the amount of € 2,091.6 million.
Net changes in cash and cash equivalents came to € 389.6 million.