Net assets and financial position

In the past fiscal year, the Group's key financial reporting indicators developed favorably. For instance, it was possible to set a new benchmark in trade net working capital efficiency defined as the ratio of trade net working capital to sales. Free cash flow increased to EUR 230 million in the past fiscal year. Capital expenditure of EUR 185 million significantly exceeded the prior-year figure. Despite increased capital expenditure, it was possible to decrease net financial liabilities to EUR 57 million.