Consolidated statement of cash flows

Consolidated statement of cash flows
in € million	Q2 2026	Q2 2025	Q1 – Q2 2026	Q1 – Q2 2025
Earnings before interest and tax	209.7	169.1	386.6	147.2

Amortization, depreciation and impairment minus reversals of impairment on non-current assets without lease and rental assets	142.5	131.3	285.6	264.7
Depreciation and impairment minus reversals of impairment on lease and rental assets	151.5	153.8	297.3	306.9
Non-cash reversals of deferred revenue from lease business	−18.1	−18.7	−35.6	−38.2
Other non-cash income (–)/expenses (+)	1.0	−6.2	7.4	0.5
Gains (–)/losses (+) on disposal of non-current assets	−1.3	−0.7	−3.6	−2.5
Change in assets/liabilities from lease and short-term rental business	−677.0	−150.3	−806.3	−312.1
thereof change in leased assets (excluding depreciation and interest) and receivables/liabilities from lease business	−596.8	−85.7	−660.2	−160.4
thereof change in rental assets (excluding depreciation and interest) and liabilities from short-term rental business	−76.3	−53.6	−135.9	−125.5
thereof interest received from lease business	48.6	42.4	95.4	83.3
thereof interest paid from lease and short-term rental business	−52.5	−53.4	−105.6	−109.4
Change in net working capital	−49.9	102.6	−137.8	46.1
thereof inventories	−35.8	−15.7	−127.3	−66.4
thereof trade receivables and trade payables	−67.4	144.3	−10.7	142.8
thereof contract assets and contract liabilities	53.3	−26.0	0.2	−30.4
Cash payments for defined benefit obligations	−29.7	−24.0	−38.1	−31.2
Change in other provisions	−34.9	17.0	−123.4	215.5
Change in other operating assets/liabilities	−42.5	−47.4	−63.1	−113.6
Taxes paid	−53.5	−108.1	−54.2	−140.0
Cash flow from operating activities	−402.4	218.3	−285.2	343.3

Cash payments for purchase of non-current assets (excluding leased and rental assets)	−90.6	−87.7	−153.5	−173.2
Cash receipts from disposal of non-current assets (excluding leased and rental assets)	1.6	3.4	4.9	6.4
Dividends received	6.2	4.7	6.2	4.7
Acquisition of subsidiaries/other businesses (net of cash acquired)	−29.8	−5.2	−35.6	−11.1
Cash receipts/payments for sundry assets	−4.5	−1.2	−9.3	−8.3
Cash flow from investing activities	−117.1	−86.1	−187.3	−181.4

Dividend of KION GROUP AG	−81.3	−107.5	−81.3	−107.5
Dividends paid to non-controlling interests	−0.6	–	−0.6	–
Financing costs paid	−0.2	–0.0	−2.7	–
Proceeds from borrowings	213.4	27.4	729.1	42.0
Repayment of borrowings	−134.4	−115.0	−153.3	−128.7
Interest received	4.0	4.1	7.7	9.2
Interest paid	−8.9	−14.3	−13.7	−18.2
Principal portion from procurement leases	−43.8	−41.3	−86.6	−98.5
Interest portion from procurement leases	−8.0	−7.3	−15.7	−14.6
Cash receipts/payments from other financing activities	0.4	−0.9	−0.8	−1.7
Cash flow from financing activities	−59.4	−254.8	382.0	−318.1

Effect of exchange rate changes on cash and cash equivalents	2.8	−8.2	6.7	−11.4

Change in cash and cash equivalents			−83.9	−167.6
Cash and cash equivalents at the beginning of the period			474.9	787.0
Cash and cash equivalents at the end of the period			391.0	619.5