Consolidated statement of cash flows

(in million EUR) - Year ended 31 December Notes 2015 2014 restated *

Cash flows from operating activities Profit for the period 210.6 167.7

Adjustments for: Net finance costs Other non-cash items (6.4) 92.8 100.6 0.1 1.4

Income tax expense

(6.5) 17.3 14.5 Profit or loss of equity accounted investees, net of tax (6.7) (123.2) (97.1) Depreciation of PP&E and amortisation of intangible assets (7.1 - 7.2) 113.8 107.6 Gain on sale of property, plant and equipment and intangible assets (7.1 - 7.2) 15.2 12.7 Impairment losses of current assets (6.3) 0.6 0.8 Change in provisions (6.3) (19.8) (0.6) Change in fair value of derivatives (8.3) 1.0 (0.2) Change in deferred taxes (7.6) 15.5 6.9 Cash flow from operating activities 323.9 314.4 Change in inventories (7.7) (9.8) (1.4) Change in trade and other receivables (7.8) (21.1) (7.0) Change in other current assets (7.8) 7.3 (3.1) Change in trade and other payables (7.15) 9.2 100.0 Change in other current liabilities (7.14 - 7.16) 148.5 119.3 Changes in working capital 134.1 207.8 Interest paid (6.4) (111.1) (125.3) Interest received (6.4) 1.4 1.5 Income tax paid (6.5) (14.4) (15.9) Net cash from operating activities 333.9 382.5 Cash flows from investing activities Acquisition intangible assets (7.2) (7.0) (7.9) Acquisition of property, plant and equipment (7.1) (327.5) (262.1) Acquisition of equity accounted investees (10.2) 0.0 Proceeds from sale of property, plant and equipment 6.0 0.0 Proceeds from sales of investments (8.2) 17.5 0.0 Dividend received from equity-accounted investees 54.4 55.2 Loans to joint ventures (16.4) 0.0 Net cash used in investing activities (283.2) (214.8) Cash flow from financing activities Proceeds from issue share capital 0.4 5.3 Expenses related to issue share capital 0.0 (0.1) Dividends paid (-) (7.11) (93.7) (93.8) Repayment of borrowings (-) 0.0 (500.0) Proceeds from withdrawal borrowings (+) (7.12) 497.9 346.8 Other cash flows from financing activities 0.0 2.5 Net cash flow from (used in) financing activities 404.6 (239.3) Net increase (decrease) in cash and cash equivalents 455.3 (71.6)

Cash & Cash equivalents at 1 January Cash & Cash equivalents at 31 December Net variations in cash & cash equivalents 171.1 242.7 626.4 171.1 455.3 (71.6)