Investments

EUR million

 

2020

2019

2018

2017

2016

2015

2014

2013 (carve-out)

Cash flow provided by operating activities

532 295 284 291 246  78 236 -43

Gross capital expenditure, excluding acquisitions 

89 79 79  66 60  44 46 54

           of which share of maintenance investments, %

36% 77% 47%  56% 67%  82% 80% 76%

Proceeds from sale of fixed assets

1 6 6  2 2  3 4 4

Business combinations, net of cash acquired and loan repayments

-48 -163 -2  - -  -323 - -3

Cash flow after investments

-60 58 208  227 188  -287 -194 -97

Gross capital expenditure, excluding business acquisitions, by area (EUR million)