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Unaudited Condensed Consolidated Interim Statements of Cash Flows - EUR (€)
€ in Millions
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities    
Profit € 107.7 € 129.7
Adjustments for:    
Exceptional items 49.9 11.7
Purchases, fair value measurement, assets 0.0 5.7
Share based payment expense and related employer payroll tax expense 11.1 9.5
Depreciation and amortization 50.0 33.6
Loss on disposal of property, plant and equipment 0.2 0.1
Finance costs 51.5 38.8
Finance income (3.5) (2.7)
Taxation 41.2 39.2
Operating cash flow before changes in working capital, provisions and net of acquisitions 308.1 265.6
Increase in inventories (49.8) (50.8)
Decrease/(Increase) in trade and other receivables 16.2 (51.0)
Decrease in trade and other payables (66.8) (14.3)
Increase in employee benefits and other provisions 4.3 0.0
Cash generated from operations before tax and exceptional items 212.0 149.5
Cash flows relating to exceptional items (7.6) (28.2)
Tax paid (28.9) (10.6)
Net cash generated from operating activities 175.5 110.7
Cash flows from investing activities    
Cash flows used in obtaining control of subsidiaries or other businesses, classified as investing activities 0.0 (465.1)
Contingent consideration for purchase of Lutosa brand (1.5) 0.0
Purchase of property, plant and equipment (26.4) (17.8)
Purchase of intangibles (3.0) (3.1)
Purchase of investments (25.0) 0.0
Cash used in investing activities (55.9) (486.0)
Cash flows from financing activities    
Proceeds from issuance of ordinary shares 353.7 0.1
Share issuance costs (11.1) 0.0
Payments related to shares withheld for taxes (0.9) 0.0
Issuance of new loan principal 1.7 354.8
Repayments of loan principal (22.0) (5.9)
Payments of lease liabilities, classified as financing activities 16.0 0.0
Cash paid related to factored receivables (2.3) 0.0
Proceeds on settlement of derivatives 2.2 (1.0)
Payment of financing fees 0.0 (2.5)
Interest paid (33.1) (30.6)
Interest received 1.9 0.2
Net cash provided by financing activities 274.1 315.1
Net increase in cash and cash equivalents 393.7 (60.2)
Cash and cash equivalents at beginning of period 327.6 219.2
Effect of exchange rate fluctuations 0.2 (2.1)
Cash and cash equivalents at end of period € 721.5 € 156.9