Capital expenditure

Capital expenditure for 2013 was in line with depreciation and amortisations. Gross capital expenditure in the review period totalled EUR 134 million (513), comprising EUR 5 million (402) in acquisitions and investments in securities, and EUR 129 million (111) in intangible assets and property, plant and equipment. Investments related mainly to product development and expansion of manufacturing capacity in key emerging markets. The comparison period’s gross capital expenditure includes the acquisition of Hamworthy plc. Depreciation, amortisations and impairment for the review period amounted to EUR 123 million (139).


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