Q2 2023 Energy and NaOH Market Prices Analysis
Free Cash Flow significantly improved in Q2 2023, trading working
capital came down
Free cash flow¹, in EUR mn
-143
יויו
-132
-167
-245
-205
-123
-270
Q2/2022
Q3/2022
Operating cash flow
Trading working capital³, in EUR mn
+99
18
632
621
-52
567
568
571
-33
Q4/2022 Q1/2023
Investment cash flow²
Q2/2023
Operating cash flow positive
•
Investment cash flow with continued reduction in Q2 2023
25%
21%
24%
25%
21%
Q2/2022
Q3/2022
Q4/2022
Q1/2023
Q2/2023
Trading working capital
Trading working capital in % of annualized Group revenue
Slight decrease of trade receivables and increase of trade payables in Q2/2023 vs. Q1/2023
Inventories with slight increase in Q2/2023 vs. Q1/2023
1) Cash flow from operating activities + investment cash flow 2) CAPEX less proceeds from the sale of intangible assets, property, plant and equipment and biological assets; 3) Inventories + trade
receivables- trade payables
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1 August 2023 - 13
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