| | | € million | € million |
| Operating activities | | | |
| Profit before income tax | | 20.7 | 13.5 |
| Non-cash adjustments to reconcile profit before income tax to net cash flows: | | | |
| Depreciation and impairment of property, plant and equipment and right-of-use assets | 3.6 | 472.5 | 436.6 |
| Amortisation and impairment of intangible assets | 3.6 | 13.7 | 11.8 |
| Share-based payment expense | 3.5 | 2.3 | 3.2 |
| Gain on disposal of property, plant and equipment | 3.7 | (1.0) | (2.7) |
| Adjustments for finance income | 6.7 | - | (0.1) |
| Adjustments for finance costs | 6.7 | 131.3 | 111.2 |
| Adjustments for result from associates and joint ventures | 4.6 | (1.3) | (1.0) |
| Adjustments for gain on disposal of associates | 4.6 | (2.2) | - |
| Movements in provisions | 7.1 | (3.0) | 4.7 |
| Working capital adjustments: | | | |
| Change in inventories | 5.1 | 7.1 | (5.3) |
| Change in trade and other receivables | 5.2 | 5.4 | (10.8) |
| Change in trade and other payables | 5.4 | 9.3 | 24.4 |
| Cash generated from operations | | 654.8 | 585.5 |
| Income tax paid | | (7.4) | (3.7) |
| Net cash flows from operating activities | | 647.4 | 581.8 |
| | | | |
| Investing activities | | | |
| Proceeds from sale of property, plant and equipment | 4.3 | 1.8 | 7.9 |
| Proceeds from assets held for sale, net of cash disposed | 4.5 | - | 5.0 |
| Purchase of property, plant and equipment | 4.3 | (271.5) | (328.2) |
| Purchase of other intangible assets | 4.2 | (6.5) | (6.7) |
| Acquisition of business combinations, net of cash acquired | 4.5 | (139.3) | (31.3) |
| Divestment of associates | 4.6 | 4.0 | - |
| Dividends from associates | 4.6 | 1.3 | - |
| Interest received | | - | 0.1 |
| Investments in other financial fixed assets (security deposits and other long term receivables) | 5.2 | (1.2) | (5.3) |
| Net cash flows used in investing activities | | (411.4) | (358.5) |
| | | | |
| Financing activities | | | |
| Proceeds from borrowings | 6.3 | 310.0 | 155.0 |
| Repayments of borrowings | 6.3 | (101.9) | (50.2) |
| Repayment of lease liability principal | 4.4 | (245.5) | (237.6) |
| Lease liabilities interest paid | 4.4 | (59.6) | (53.9) |
| Interest paid (excluding lease liabilities interest) | | (44.1) | (46.4) |
| Transaction costs related to loans and borrowings | 6.3 | (7.2) | (0.8) |
| Purchase less sale treasury shares and exercised share-based payments | | (29.4) | (3.6) |
| Net cash flows used in financing activities | | (177.7) | (237.5) |
| | | | |
| Net (decrease)/increase in cash and cash equivalents | | 58.3 | (14.2) |
| Cash and cash equivalents 1 January | 5.3 | 56.7 | 70.9 |
| Cash and cash equivalents 31 December | 5.3 | 115.0 | 56.7 |
