Cash Flow

Consolidated Cash Flow - Summary

(in Millions of Euro)

	2007	2006	2005

Cash flows from operating activities
Internally generated funds from operations	180.9	141.7	120.5
Net cash from operating activities	177.0	142.2	102.7

Capex	-63.6	-59.5	-47.5

Free Cash Flow	113.4	82.7	55.2

Cash flows from other investing activities
Acquisitions of other non-current assets	240.0	31.2	16.0
Proceeds from disposal of other non-current assets	18.3	8.4	6.8
Net cash from other investing activities	-221.7	-22.8	-9.2

Cash flows from financing activities	-3.4	228.6	-26.7

Change in Cash and Cash Equivalents	-111.7	288.5	19.3