Cashflow
| in CHF mn | 30.06.2023 | 30.06.2022 | Change | |||||
|---|---|---|---|---|---|---|---|---|
| Net income / (loss) (EAT) | 13.7 | 1.3 | 959.8% | |||||
| Cash flow from / (used in) operating activities | 111.7 | 66.0 | 69.2% | |||||
| Cash flow from / (used in) investing activities | (37.2) | 23.8 | –256.2% | |||||
| of which investments in property, plant and equipment and intangible assets | (20.7) | (15.8) | 31.1% | |||||
| Cash flow after investing activities (FCF) | 74.5 | 89.8 | –17.0% | |||||
| of which cash flow after investing activities in property, plant and equipment and intangible assets (FCF b. M&A) | 91.1 | 50.3 | 81.1% | |||||
| Cash flow from / (used in) financing activities | (127.0) | (134.8) | –5.8% | |||||
| Change in cash and cash equivalents | (52.8) | (45.4) | 16.2% |
Cash flow from / (used in) trading activities increased by CHF 45.7 million to CHF 111.7 million. In addition to the year-on-year increase of the net income and increased depreciation and amortisation, the change in net working capital also made a significant contribution to this. Drivers in terms of net current assets included changes to the group of consolidated companies and also optimised receivables management at Goldbach.
Cash flow from / (used in) investing activities was associated with net cash outflows of CHF –37.2. compared with the previous year (inflow of CHF 23.8 million). This is attributable in particular to the acquisition of Clear Channel Switzerland (CHF –85.0 million).
Cash flow from / (used in) financing activities fell by CHF 7.8 million to CHF –127.0 million. The two biggest effects were the lower dividends paid to shareholders of TX Group as well as higher repayments for lease liabilities.