Cash flow and working capital
In January-September, the Group's free cash flow was negative although improving from the corresponding period last year. Free cash flow amounted to EUR -90.5 (-100.1) million. Free cash flow was impacted by the increase in working capital in the risk projects. Free cash flow was improved by the lower level of investments compared to last year.
The Group's operating cash flow before financial and tax items amounted to EUR -75.6 (-57.6) million in January–September.
The Group’s working capital was 75.7 (56.1) million at the end of September. There was a positive development in working capital in divisions Finland, Sweden and Denmark-Norway. Working capital was tied by risk projects mainly in divisions Industrial Solutions and Germany.
The amount of POC receivables amounted to EUR 321.1 (331.0) million at the end of September. Trade receivables amounted to EUR 331.3 (323.6) million at the end of September.