(Euro/millions)20172016201520142013
Net financial position (start of the period) (263.6)(199.4)(291.8)(363.2) (267.6)
EBITDA before non recurring items 106.3108.573.067.9 49.1
Associates (2.1)(4.7)(3.7)(3.8) (9.5)
Net working capital and fund 5.712.714.20.2 (65.6)
CAPEX (19.6)(17.2)(13.5)(11.9) (2.8)
Operating cash flow 90.399.470.052.4 (28.7)
Net financial charges (14.0)(17.7)(17.6)(21.3) (24.2)
Taxes (7.6)(13.8)(6.9)(7.0) (11.2)
Radio cash flow –(5.2) –
Ordinary cash flow 68.767.945.418.8 (64.1)
Treasury & new shares placement –31.1 –
Cash-out for restructuring (13.8)(14.9)(21.2)(20.3) (37.8)
VAT receivables cash-in 6.815.58.015.2 8.5
Acquisitions / disposals 12.6(132.6)60.226.6 (2.2)
Extraordinary cash flow 5.6(138.1)47.052.6 (31.5)
Total cash flow 74.3(64.2)92.471.4 (95.6)
Net financial position (end of the period) (189.2)(263.6)(199.4)(291.8)
(Euro/millions)20171H1720161H1620151H1520141H142013
Net financial position (start of the period) (263.6)(263.6)(199.4)(199.4)(291.8)(291.8)(363.2) (363.2) (267.6)
EBITDA before non recurring items 106.321.6108.526.773.023.867.9 18.149.1
Associates (2.1)1.1(4.7)(0.5)(3.7)1.4(3.8) (1.6) (9.5)
Net working capital and fund 5.7(32.1)12.7(27.8)14.228.30.2 (34.0) (65.6)
CAPEX (19.6)(9.1)(17.2)(7.2)(13.5)(7.5)(11.9) (4.0) (2.8)
Operating cash flow 90.3(18.4)99.4(8.7)70.0(10.6)52.4 (21.5) (28.7)
Net financial charges (14.0)(7.1)(17.7)(7.9)(17.6)(7.8)(21.3) (12.3)24.2)
Taxes (7.6)(5.3)(13.8)(9.5)(6.9)(5.1)(7.0) 0.5(11.2)
Radio cash flow –1.3(5.2) (1.5) –
Ordinary cash flow 68.7(30.8)67.926.145.4(22.2)18.8 (34.8) (64.1)
Treasury & new shares placement –31.1 31.1 –
Cash-out for restructuring (13.8)(9.2)14.9(7.1)(21.2)(11.6)(20.3) (14.2) (37.8)
VAT receivables cash-in 6.85.915.515.18.02.215.2 4.7 8.5
Acquisitions / disposals 12.613.3(132.6)157.360.2(3.1)26.6 7.4 (2.2)
Extraordinary cash flow 5.610.0(138.1)(149.3)47.0(12.5)52.6 29.1 (31.5)
Total cash flow 74.3(20.8)(64.2)(175.4)92.4(34.7)71.4 (5.7) (95.6)
Net financial position (end of the period) (189.2)(263.6)