| 2nd quarter 2024 | 2nd quarter 2025 | 1st half 2024 |
1st half 2025 | |
| € million | € million | € million | € million | |
| Income after income taxes | (74) | (59) | (111) | (220) |
| Income taxes | 126 | 70 | 194 | 90 |
| Financial result | 29 | 38 | 59 | 82 |
| Income taxes paid | (42) | (51) | (80) | (85) |
| Depreciation, amortization and impairment losses and impairment loss reversals | 239 | 221 | 451 | 455 |
| Change in pension provisions | (8) | 16 | (19) | (2) |
| (Gains)/losses on retirements of noncurrent assets | (4) | (20) | (7) | (21) |
| Decrease/(increase) in inventories | (67) | 176 | (251) | 41 |
| Decrease/(increase) in trade accounts receivable | (69) | 21 | (154) | (237) |
| (Decrease)/increase in trade accounts payable | 15 | (339) | 55 | (118) |
| Changes in other working capital, other noncash items | (126) | (116) | (141) | (101) |
| Cash flows from operating activities | 19 | (43) | (4) | (116) |
| Cash outflows for additions to property, plant, equipment and intangible assets | (166) | (185) | (272) | (365) |
| Cash inflows from sales of property, plant, equipment and other assets | 11 | 21 | 15 | 21 |
| Cash inflows from divestments less divested cash | – | 6 | – | 6 |
| Cash outflows for noncurrent financial assets | (40) | (5) | (44) | (10) |
| Interest and dividends received | 13 | 13 | 30 | 23 |
| Cash inflows from/(Cash outflows for) other current financial assets | (193) | – | 53 | 19 |
| Cash flows from investing activities | (375) | (150) | (218) | (306) |
| Issuances of debt | 381 | 449 | 409 | 1,054 |
| Retirements of debt | (103) | (470) | (180) | (580) |
| Interest paid | (34) | (31) | (60) | (58) |
| Cash flows from financing activities | 244 | (52) | 169 | 416 |
| Change in cash and cash equivalents due to business activities | (112) | (245) | (53) | (6) |
| Cash and cash equivalents at beginning of period | 684 | 742 | 625 | 509 |
| Change in cash and cash equivalents due to exchange rate movements | (3) | (8) | (3) | (14) |
| Cash and cash equivalents at end of period | 569 | 489 | 569 | 489 |