Liquidity analysis
in € million |
|
2022 |
|
2021 |
|---|---|---|---|---|
Financial funds as of 01.01. |
|
173.0 |
|
168.8 |
Cash flow from operating activities |
|
279.3 |
|
315.9 |
Cash flow from investing activities |
|
- 152.6 |
|
- 227.4 |
Free cash flow |
|
126.7 |
|
88.5 |
Cash flow from financing activities |
|
- 127.9 |
|
- 84.9 |
Change in financial funds |
|
- 1.2 |
|
3.6 |
Change in financial funds due to exchange rates |
|
- 0.3 |
|
0.6 |
Financial funds as of 31.12. |
|
171.5 |
|
173.0 |
Short-term deposits |
|
20.0 |
|
65.0 |
Available liquidity |
|
191.5 |
|
238.0 |
Cash flow from operating activities decreased year-on-year from € 315.9 million to € 279.3 million. This decrease of € 36.5 million is mainly due to the change in provisions, which were down € 21.0 million year on year, the € 11.7 million increase in income tax payments as compared with the previous year and a year-on-year reduction in EBIT of € 7.8 million.
Cash flow from investing activities (outflow) of € 152.6 million was below the prior-year figure of € 227.4 million. This € 74.8 million decline in cash outflows was mainly the result of payments received for short-term deposits (previous year: payments made).
Free cash flow – the total cash flow from operating and investing activities – increased to € 126.7 million (previous year: € 88.5 million).
Cash flow from financing activities (outflow) amounted to € 127.9 million in the reporting period (previous year: € 84.9 million), down € 43.0 million on the previous year. This was primarily due to a € 49.0 million higher payment of profit shares to non-controlling shareholders and shareholders of the parent company, as well as a year-on-year increase of € 25.7 million for the redemption of financial loans. New long-term loans of € 33.2 million had an opposing effect in the reporting period.
The HHLA Group had sufficient liquidity as of year-end 2022. There were no liquidity bottlenecks in the course of the financial year. Financial funds totalled € 171.5 million as of 31 December 2022 (31 December 2021: € 173.0 million). Including all short-term deposits, the Group’s available liquidity as of year-end 2022 totalled € 191.5 million (previous year: € 238.0 million).