In € million

 

 

 

FY 2018

 

FY 2017

Acquisition (–) of tangible assets

 

a

 

(691)

 

(707)

Acquisition (–) of intangible assets

 

b

 

(142)

 

(115)

Capex

 

c = a+b

 

(833)

 

(822)

Capex flow from discontinued operations

 

d

 

(122)

 

(105)

Capex from continuing operations

 

e = c-d

 

(711)

 

(716)

Underlying EBITDA

 

f

 

2,230

 

2,230

Cash conversion

 

g = (f+e)/f

 

68.1%

 

67.9%

Capex from continuing operation was €(711), closed to depreciation and amortization levels as planned.