Cash inflow from operating activities amounted to €721 million in financial year 2022/23 (2021/22: cash inflow of €931 million). The change is mainly attributable to the decline in adjusted EBITDA.
Investing activities led to cash outflow of €46 million (2021/22: cash outflow of €320 million). Higher payment outflows for investments are offset by higher inflows from disposals of subsidiaries and other divestments, which are mainly related to real estate disposals.
Cash flow from financing activities exhibited a cash outflow of €820 million (2021/22: cash outflow of €1,308 million). This includes a reduction of borrowings in the amount of €179 million and lease payments in the amount of €591 million.
Total cash flows amount to €−145 million (2021/22: €−696 million).
- For more information, see the cash flow statement in the consolidated financial statements as well as no. 37 – notes to the cash flow statement.
The free cash flow is derived from the cash flow statement according to the following overview. METRO has introduced this key figure to show the funds generated in a period, which are primarily available for the repayment of debt, payment of dividends and for company transactions.
€ million |
2021/22 |
2022/23 |
|---|---|---|
Cash flow from operating activities |
931 |
721 |
Investments without (investments in) monetary assets |
−414 |
−550 |
Divestments |
272 |
317 |
Lease payments |
−572 |
−591 |
Interest paid and received |
−34 |
−26 |
Other financing activities |
7 |
−17 |
Free cash flow |
190 |
−147 |