Compared with the prior-year period, the decline in cash flow from operating activities is primarily attributable to the increase in inventories and contract assets.
Cash outflows from investing activities were higher than in the previous year, particularly for acquisitions.
Cash flow from financing activities during the reporting period was driven primarily by proceeds from the newly placed Schuldschein loan. This was counterbalanced by the dividend of €88,200 thousand paid for fiscal year 2025. The dividend for fiscal year 2024, paid in the prior year, also amounted to €88,200 thousand.