Cash flow – Full year

MSEK 2024 2023 2022 2021 2020
Profit/Loss before tax 134,4 192,5 251,6 307,9 132,2
Tax paid and items not affecting liquidity 97,7 33,0 39,1 43,4 28,1
Working capital changes 6,3 40,6 – 182,9 – 75,4 33,4
Cash flow from operating activities 238,4 266,1 107,8 275,9 193,7
           
Investments in tangible assets – 37,6 – 37,2 – 58,6 – 31,1 – 32,7
Investments in intangible assets – 13,1 – 12,9 – 16,1 – 16,5 – 11,0
Sale of tangible assets 0,5 0,6 0,7
Change of other financial assets – 0,1 0,5 – 1,1
Acquisition of subsidariy – 12,6 – 77,3
Cash flow from investing activities – 50,2 – 49,5 – 87,4 – 123,7 – 44,8
           
Cash flow after investments 188,2 216,6 20,4 152,2 148,9
           
Change of overdraft
New share issue
Amorization of debts – 51,2 – 46,0 – 38,7 – 99,0 – 27,8
Payment of dividend – 105,8 – 105,8 – 105,8 – 63,5 – 48,6
Cash flow from financing activities – 157,0 – 151,8 – 144,5 – 162,5 – 76,4
           
Cash flow for the period 31,2 64,8 – 124,1 – 10,3 72,5
           
Cash and cash equivalents at the beginning of the year 135,2 69,6 193,9 203,5 131,1
Effect of exchange rate changes – 7,2 0,8 – 0,1 0,6 – 0,2
Cash and cash equivalents at the end of the year 159,2 135,2 69,6 193,9 203,5