Free Cash Flow

Net cash flows from operating activities

284.9

278.7

Purchase of intangible assets

–9.3

–14.0

Purchase of property, plant and equipment

–74.9

–64.7

Acquisitions

–

–

Investments in financial assets

–0.6

–7.8

Disposal of non-current assets

485.4

3.9

Purchase/sale of marketable securities

–40.2

–1.3

Free cash flow

645.3

194.8

Acquisition-related payments

–

–

Payments related to divestments
(paid = + / received = –)

–459.7

11.9

Underlying free cash flow

185.6

206.6