FRA:VH2 Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	70.8	35.77	10.15	17.14	26.77	30.56
Depreciation & Amortization	24.19	21.25	18.08	16.66	13.05	11.35
Loss (Gain) From Sale of Assets	-0.04	0.06	-0.2	-0.22	-0.36	0.06
Loss (Gain) From Sale of Investments	-	-	-	-	-	-10.55
Loss (Gain) on Equity Investments	-9.02	-6.03	-14.74	-16.06	-5.12	-
Other Operating Activities	42.49	21.61	10.58	9.02	5.16	27.74
Change in Inventory	4.9	8.16	18.64	-55.5	1.13	-5.79
Change in Accounts Payable	2.94	74.77	7.93	18.7	-10.79	-20.06
Operating Cash Flow	136.27	155.58	50.42	-10.26	29.83	33.32
Operating Cash Flow Growth	59.16%	208.55%	-	-	-10.49%	-43.67%
Capital Expenditures	-43.73	-35.65	-30.36	-32.01	-21.4	-20.2
Cash Acquisitions	-1.15	-0.13	-	-0.18	-3.2	-
Sale (Purchase) of Intangibles	-0.22	-0.19	-0.71	-0.1	-0.15	-0.2
Investment in Securities	-4.61	0.36	1.6	-0.27	-3.71	-
Other Investing Activities	-0	0	-	-0	-	-
Investing Cash Flow	-49.71	-35.6	-29.47	-32.56	-28.46	-20.4
Long-Term Debt Issued	-	8	15.37	4.99	10.55	0.85
Long-Term Debt Repaid	-	-5.49	-20.76	-15.27	-7.25	-6.2
Net Debt Issued (Repaid)	-7.09	2.51	-5.39	-10.28	3.3	-5.35
Issuance of Common Stock	-	-	-	-	90	-
Common Dividends Paid	-6	-2.4	-2.4	-4	-25.12	-12.45
Other Financing Activities	-1.57	-1.98	-2.52	-5.31	-6.52	-2.35
Financing Cash Flow	-14.66	-1.87	-10.31	-19.58	61.66	-20.14
Foreign Exchange Rate Adjustments	0	0	0.01	-	-	-
Miscellaneous Cash Flow Adjustments	0	-	0	-0	-	0.12
Net Cash Flow	71.9	118.12	10.66	-62.41	63.03	-7.11
Free Cash Flow	92.54	119.94	20.06	-42.28	8.42	13.12
Free Cash Flow Growth	83.22%	497.84%	-	-	-35.81%	-75.59%
Free Cash Flow Margin	13.91%	24.03%	5.36%	-11.44%	3.02%	4.49%
Free Cash Flow Per Share	4.63	6.00	1.00	-2.11	0.43	0.73
Cash Interest Paid	1.54	1.41	1.08	0.94	1.09	0.73
Cash Income Tax Paid	9.21	9.73	11.58	12.28	9.95	4.66
Levered Free Cash Flow	58.8	100.34	3.64	-49.27	5.05	-15.54
Unlevered Free Cash Flow	59.73	101.19	4.29	-48.69	5.62	-14.91
Change in Working Capital	7.84	82.93	26.56	-36.81	-9.66	-25.84

Source: S&P Global Market Intelligence. Standard template. Financial Sources.