Investor Presentaiton
Free cash flow and net financial position
Free cash flow1
€ million
-36.6
-35.8
2019
2020
Net financial position
€ million
-15.2
-83.8
Dec. 31, 2019 Dec. 31, 2020
DEUTZ
◉
Proactive management of capital expenditure and working capital clearly helped to offset the coronavirus-related decrease in
cash flow from operating activities; reduction in investing activities compared with 2019
■ In Q4 2020, free cash flow rose sharply to €43.0 million because of the higher volume of business, optimization of working
capital, and the first positive effects from the efficiency program
Deterioration in net financial position owing to the impact of the coronavirus crisis and a rise in lease liabilities to €58.0 million
(December 31, 2019: €41.9 million)²
19
1 Cash flow from operating activities and from investing activities less interest expense. 2 Lease liabilities under IFRS 16.View entire presentation