The increase in net cash from operating activities and the decrease in net cash used in investing activities resulted in a significant improvement in free cash flow, which increased by €950 million to €2,448 million (previous year: €1,498 million).

Net cash used in financing activities amounted to €2,386 million (previous year: €1,901 million). At €1,087 million, the higher dividend paid to our shareholders for financial year 2007 accounted for the largest share. In addition, the repayment of financial liabilities led to a cash outflow of €658 million.

Due to the changes described in the cash flows from the individual activities, cash and cash equivalents increased slightly compared with the previous year, from €1,339 million to €1,350 million.

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