| Dec'17 | Dec'16 | Dec'15 | ||||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Earnings before taxes (EBT) | ||||||
32,300 | 15,500 | 22,100 | ||||
Adjustments for: | ||||||
Depreciation, amortization and impairment | ||||||
108,700 | 103,700 | 86,700 | ||||
Loss/(gain) on sale of non-current assets | ||||||
3,300 | 1,900 | -100 | ||||
Increase/(decrease) in allowances and provisions | ||||||
5,000 | -2,000 | 2,000 | ||||
Loss/(gain) on unrealized foreign exchange differences | ||||||
-500 | 6,400 | -300 | ||||
Other non-cash items | ||||||
4,600 | 1,200 | 700 | ||||
Share of result of associates | ||||||
-300 | -700 | 1,700 | ||||
Interest expense | ||||||
30,200 | 29,800 | 25,400 | ||||
Interest income | ||||||
1,900 | 2,100 | 1,600 | ||||
Cash flow before working capital changes | ||||||
182,000 | 155,100 | 133,200 | ||||
Decrease/(increase) in trade and other accounts receivable | ||||||
6,200 | -9,100 | -2,200 | ||||
Decrease/(increase) in inventories | ||||||
-26,900 | -14,200 | -17,100 | ||||
Increase/(decrease) in trade and other accounts payable | ||||||
-26,900 | 41,300 | 5,800 | ||||
Dividends received from associates | ||||||
0 | 200 | 1,200 | ||||
Cash generated from operations | ||||||
134,400 | 173,300 | 120,900 | ||||
Income taxes received/(paid) | ||||||
-3,600 | -3,500 | -15,500 | ||||
Net cash flows from operating activities | ||||||
130,800 | 169,800 | 105,400 | ||||
Cash flow used in investing activities | ||||||
Purchase of property, plant and equipment | ||||||
79,600 | 88,300 | 49,400 | ||||
Purchase of intangible assets | ||||||
8,200 | 5,700 | 3,000 | ||||
Net purchase of interest in associates | ||||||
1,000 | 0 | 0 | ||||
Proceeds from sale of property, plant and equipment | ||||||
600 | 400 | 1,800 | ||||
Interest received | ||||||
2,100 | 1,200 | 1,200 | ||||
Net cash acquired in business combinations | ||||||
0 | 0 | 4,400 | ||||
Proceeds from sale of interests in subsidiaries and associates | ||||||
0 | 0 | 30,000 | ||||
Net cash flows used in investing activities | ||||||
-86,100 | -92,400 | -15,000 | ||||
Cash flow from financing activities | ||||||
Proceeds from financial debt | ||||||
15,000 | 0 | 0 | ||||
Repayment of financial debt | ||||||
43,000 | 7,300 | 10,000 | ||||
Change of financial debt, net | ||||||
-28,000 | -7,300 | -10,000 | ||||
Proceeds from/(repayment of) third party loans | ||||||
-3,300 | 12,800 | 31,400 | ||||
Dividends paid to non-controlling interest | ||||||
34,300 | 27,400 | 28,700 | ||||
Net contributions from/(purchase of) non-controlling interests | ||||||
0 | -100 | 1,200 | ||||
Interest paid | ||||||
30,200 | 29,300 | 25,500 | ||||
Net cash flows used in financing activities | ||||||
-95,800 | -51,300 | -31,600 | ||||
Currency translation on cash | ||||||
900 | 1,100 | -2,900 | ||||
(Decrease)/increase in cash and cash equivalents | ||||||
-50,200 | 27,200 | 55,900 | ||||