Interim Report Q3 2019

Condensed statement of cash flows
MEUR		1–9/2019	1–9/2018	7–9/2019	7–9/2018	2018
Cash flow from operating activities:
Profit for the reporting period		116	233	-5	101	386
Adjustments for:
	Depreciation, amortisation and impairment	141	92	58	31	130
	Financial income and expenses	36	27	11	10	39
	Gains and losses on sale of intangible assets and property, plant and equipment and other changes	-11	-4		-3	-26
	Share of result of associates and joint ventures	7	-10	6	-3	-13
	Income taxes	45	75	5	29	116
	Other non-cash flow adjustment	3		3		-7
Cash flow before changes in working capital		337	414	78	164	625
Changes in working capital		-263	-191	-107	-6	-35
Cash flow from operating activities before financial items and taxes		75	223	-30	157	589
Financial items and paid taxes		-137	-102	-31	-36	-119
Cash flow from operating activities		-63	121	-61	122	470
Cash flow from investing activities:
Investments in shares and acquisitions		-4	-197			-196
Net investments in property, plant and equipment and intangible assets		-60	-52	-23	-18	-99
Reduction of share capital in associates and joint ventures			13		13	13
Proceeds from sale of shares in associated companies and other investments		1				41
Cash flow from other investing activities			1			1
Cash flow from investing activities		-62	-235	-23	-5	-240
Cash flow from financing activities:
Proceeds from non-current debt		150	279			279
Repayments and other changes in non-current debt		-92	-58	-26	-4	-84
Changes in current loans and other changes		218	-1	225	-9	-39
Dividends paid		-269	-261	-128	-125	-274
Cash flow from financing activities		7	-41	72	-138	-118
Change in cash and cash equivalents, increase (+)/decrease (-)		-118	-155	-11	-21	112
Cash and cash equivalents at the beginning of the reporting period		487	379	383	245	379
Exchange rate changes		6	-3	3	-3	-5
Cash and cash equivalents at the end of the reporting period		374	221	374	221	487