Operating activities in 2012 resulted in a cash inflow of €737 million (2011: €396 million). The change is mainly due to a net effect of:
- Higher cash inflow from working capital, which was mainly realized in Q4.
Partly offset by:
- Higher payments related to provisions (mainly in relation to pensions).
Net debt increased in 2012 to €2,298 million (2011: €1,895 million) as higher cash flows from operating activities were more than offset by higher capital expenditures.