APMM Q2 2023 Financial Results
Financial highlights Q2 2023
Balance sheet and capital allocation
Debt & cash position
Q2 2023
Q1 2023
Borrowings
3,847
3,995
Q2 2022
4,176
Lease liabilities
10,968
11,137
Other
244
250
11,336
353
Total gross debt
15,059
15,382
15,865
Cash and bank balances
10,423
11,652
9,730
Short term deposits
11,478
10,487
9,491
Securities
248
245
Total cash and deposits
22,149
22,384
Net interest-bearing debt
(7,090)
(7,002)
19,221
(3,356)
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APMM Q2 2023 Financial Results
We maintained a strong balance sheet over the
quarter
Capital allocation will prioritize continued investment
in our Integrator strategy, with focus on growth,
automation, and decarbonization, despite the subdued
economic outlook
We reiterate our commitment to shareholder returns,
including our existing share buyback program of
approximately USD 3bn annually until 2025 which
effectively returns most of our cash position over
time
We anticipate a progressive re-leveraging of our
balance sheet
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