Sustainable Growth Strategy

Strong cash generation through the cycle Cash flow generation € million 5% CAGR (2007 - 2020) 648 538 705 516 648 549 715 796 1,039 1,061 972 1,226 1,215 1,244 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 More than €11 billion generated since listing Cash flow generation based on net cash generated before capital expenditure, acquisitions and disposals of businesses, investment in equity accounted investees and payment of dividends to shareholders 27 mondi

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