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  "documentTitle": "2024 FY Results Presentation",
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  "notes": "The chart uses a standard waterfall bridge format to reconcile opening and closing cash balances.",
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      "text": "Free cash flow of €3,556 million.",
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      "text": "1. EBITDA stated before exceptional items\n2. In 2024, purchased emission allowances were reclassified from the Acquisition of property, plant and equipment and intangible assets ('Gross capex') to a separate line item within Net cash flows from operating activities. The 2023 results include a reclassification to conform with the current period presentation",
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      "text": "Cash balance: €9,828m",
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