| EUR millions |
1st half-year
2008 |
1st half-year
2007 |
Operating result
(incl. discontinued operation) |
20.7 |
16.3 |
| Depreciation and impairment losses on property, plant and equipment, and intangible assets |
4.4 |
4.6 |
| Changes in provisions and pension liabilities |
–0.2 |
2.5 |
| Fair-value adjustment for conversion right |
–0.4 |
– |
| Other non-cash items |
–0.4 |
1.2 |
Cash flow before change
in net current assets |
24.1 |
24.6 |
| Change in net current assets |
–9.1 |
–2.5 |
| Cash flow from operating activities |
15.0 |
22.1 |
| Taxes paid |
–3.6 |
–1.7 |
| Net cash flow from operating activities |
11.4 |
20.4 |
| |
|
|
| Purchase of property, plant and equipment |
–2.8 |
–1.7 |
| Sale of property, plant and equipment |
0.3 |
0.1 |
| Purchase of intangible and financial assets |
–0.6 |
–0.6 |
| Sale of business operation |
– |
–17.8 |
| Interest received |
0.1 |
0.2 |
| Net cash flow from investing activities |
–3.0 |
–19.8 |
| |
|
|
| Purchase of treasury shares |
–1.4 |
– |
| Repurchase of convertible bond |
–1.8 |
– |
| Increase in long-term financial liabilities |
– |
33.5 |
| Repayment of long-term financial liabilities |
–1.7 |
– 2.6 |
| Increase in current financial liabilities |
1.2 |
3.4 |
| Decrease in current financial liabilities |
–6.5 |
–41.6 |
| Interest paid |
–2.4 |
–2.9 |
| Net cash flow from financing activities |
–12.6 |
–10.2 |
| |
|
|
Effect of exchange rate changes
on cash and cash equivalents |
0.4 |
–0.1 |
Net change in cash
and cash equivalents |
–3.8 |
–9.7 |
| |
|
|
| Cash and cash equivalents at 1 January |
24.8 |
28.0 |
| Cash and cash equivalents at 30 June |
21.0 |
18.3 |
| – thereof continued operations |
21.0 |
18.3 |
| – thereof discontinued operation |
– |
– |
| |
|
|
Net change in cash
and cash equivalents, Group |
–3.8 |
–9.7 |
