Quarterly Statement as of 30 September 2025
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Consolidated Cash Flow Statement

Consolidated cash flow statement

in €k

 

 

01.07–
30.09.2025

 

01.07–
30.09.2024

 

01.01–
30.09.2025

 

01.01–
30.09.2024

Operating activities

 

 

 

 

 

 

 

 

Earnings before taxes

 

80,473

 

78,550

 

202,551

 

244,344

Adjustment for non-cash expenses and income

 

 

 

 

 

 

 

 

Financial earnings

 

3,004

 

2,200

 

6,448

 

4,125

Depreciation and amortisation of intangible assets and property, plant and equipment

 

40,164

 

35,045

 

117,028

 

100,605

Gains and losses on disposal of intangible assets and property, plant and equipment

 

112

 

−24

 

686

 

188

Other non-cash expenses and income

 

2,005

 

−839

 

−1,470

 

−9,039

Changes in net assets

 

 

 

 

 

 

 

 

Changes in inventories

 

−5,014

 

13,081

 

−32,037

 

36,524

Changes in trade receivables

 

7,338

 

56,864

 

109,644

 

172,682

Changes in trade payables

 

32,216

 

2,818

 

−115,038

 

−64,312

Changes in deferred income

 

−17,319

 

−20,917

 

−9,298

 

−17,244

Changes in other net assets

 

10,331

 

15,003

 

−42,977

 

−92,138

Income taxes paid

 

−28,402

 

−33,514

 

−86,420

 

−86,296

Cash flow from operating activities

 

124,908

 

148,267

 

149,117

 

289,439

 

 

 

 

 

 

 

 

 

Investing activity

 

 

 

 

 

 

 

 

Cash paid for acquisitions less cash acquired

 

−82,383

 

−4,814

 

−83,081

 

−41,338

Divestments

 

0

 

0

 

1,626

 

0

Cash paid for investments in intangible assets and property, plant and equipment

 

−33,538

 

−20,551

 

−91,062

 

−62,048

Cash received from the sale of intangible assets and property, plant and equipment

 

276

 

288

 

6,671

 

9,961

Cash paid for acquisitions of time deposits and securities

 

−69,000

 

0

 

−69,000

 

−60,000

Cash received from the sale of time deposits and securities, and from redemptions of non-current assets

 

0

 

19,952

 

73,367

 

90,000

Interest payments received

 

2,924

 

3,684

 

11,794

 

12,234

Cash flow from investing activities

 

−181,721

 

−1,441

 

−149,685

 

−51,191

 

 

 

 

 

 

 

 

 

Financing activity

 

 

 

 

 

 

 

 

Cash paid for the repayment of financial liabilities

 

−5,548

 

−5,082

 

−50,666

 

−10,693

Cash received from the assumption of financial liabilities

 

973

 

4,773

 

7,918

 

7,276

Dividends paid

 

0

 

0

 

−88,200

 

−88,200

Interest paid

 

−3,593

 

−2,533

 

−13,185

 

−10,064

Outflow for the repayment of finance leases

 

−17,854

 

−17,567

 

−56,024

 

−52,815

Cash flow from financing activities

 

−26,022

 

−20,409

 

−200,157

 

−154,496

 

 

 

 

 

 

 

 

 

Exchange-rate-related changes in cash and cash equivalents

 

−432

 

1,162

 

−3,390

 

1,150

Changes in cash and cash equivalents

 

−83,267

 

127,579

 

−204,115

 

84,902

Cash and cash equivalents at the beginning of the period

 

522,267

 

393,079

 

643,115

 

435,756

Cash and cash equivalents at the end of the period

 

439,000

 

520,658

 

439,000

 

520,658