Capital expenditures

The gross investments (CapEx) before subtraction of proceeds from asset disposals amounted to € 912.33 million. This figure includes investments in intangible assets, in property, plant and equipment and in investment property, excluding the non-cash additions to right-of-use assets in the amount of € 798.87 million, the purchase of financial assets in the amount of € 47.48 million and € 65.98 million from changes in the scope of consolidation.

Particularly significant investments include maintenance expenditures at our permanent operations in Germany, Austria, Switzerland, the Czech Republic and Poland. Additional investments were made in the building materials network in various countries, with a continued focus on the decarbonisation of asphalt and concrete mixing plants. Investments were also made in tunnelling as part of several large-scale projects currently underway in the Americas.

Investments in intangible assets and in property, plant and equipment were offset by depreciation and amortisation amounting to € 582.29 million in the reporting year. No goodwill impairment (2023: € 7.45 million) or write-ups of investment property (2023: € 18.5 million) were recognised during the year under review.