Consolidated Statement of Cash Flows

Consolidated Statement of Cash Flows

Consolidated Statement of Cash Flows

in € million

Jan. 1 -
Mar. 31, 2024

Jan. 1 -
Mar. 31, 2025

Profit for the period

335.5

515.4

Revaluation of assets held for sale

-9.0

-24.9

Depreciation and amortization

28.0

34.5

Interest expenses/income and other financial result

128.1

248.6

Income taxes

88.0

-164.2

Profit on the disposal of investment properties

-9.7

39.7

Results from disposals of other non-current assets

-1.0

-6.0

Other expenses/income not affecting cash

20.8

-1.9

Change in working capital

67.6

172.4

Income tax paid

-28.3

-9.3

Cash flow from operating activities

620.0

804.3

Proceeds from disposals of investment properties and assets held for sale

285.2

1,051.1

Proceeds from disposals of other assets

4.0

214.6

Proceeds/payments from disposals of shares in consolidated companies including disposed cash and cash equivalents

-0.4

Payments for investments in investment properties

-202.3

-863.8

Payments for investments in other assets

-30.4

-61.7

Interest received

12.6

14.0

Cash flow from investing activities

69.1

353.8

Cash paid to non-controlling interests

-0.3

-0.1

Proceeds from issuing financial liabilities

784.2

195.5

Cash repayments of financial liabilities

-1,152.4

-699.6

Cash repayments of lease liabilities

-13.8

-13.9

Payments for transaction costs in connection with capital measures

-9.6

-0.3

Payments for other financing costs

-4.3

-2.2

Payments in connection with the disposal of shares in non-controlling interests

-3.2

Payments in connection with the sale
of shares of ongoing consolidated companies

-10.5

Interest paid

-201.3

-243.7

Cash flow from financing activities

-611.2

-764.3

Influence of changes in foreign exchange rates on cash and cash equivalents

-5.1

4.2

Cash and cash equivalents total

Net changes in cash and cash equivalents

72.8

398.0

Cash and cash equivalents at the beginning of the period

1,418.8

1,808.4

Cash and cash equivalents at the end of the period

1,491.6

2,206.4

Cash and cash equivalents from discontinued operations*

Net changes in cash and cash equivalents**

-2.6

-16.3

Cash and cash equivalents at the beginning of the period

44.4

43.5

Cash and cash equivalents at the end of the period

41.8

27.2

Cash and cash equivalents from disposal groups

Net changes in cash and cash equivalents

-8.2

Cash and cash equivalents at the beginning of the period

8.2

Cash and cash equivalents at the end of the period

Cash and cash equivalents from continuing operations (without disposal group)

Net changes in cash and cash equivalents

75.4

422.5

Cash and cash equivalents at the beginning of the period

1,374.4

1,756.7

Cash and cash equivalents at the end of the period***

1,449.8

2,179.2

  1. *For reasons of comparability, a separate presentation is made for the period Jan. 1 until Mar. 31, 2024 in accordance with IFRS 5 as for the period Jan. 1 until Mar. 31, 2025.
  2. **Changes in cash in connection with discontinued operations are included in the cash flow from operating activities in the amount of € 9.6 million (Mar. 31, 2024: € 8.6 million), in the cash flow of investing activities in the amount of € -16.0 million (Mar. 31, 2024: € -10.7 million) and in the cash flow from financing activities in the amount of € -9.9 million (Mar. 31, 2024: € -0.5 million).
  3. ***Includes total restricted cash of € 77.1 million (Mar. 31, 2024: € 98.8 million).