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Cash flow from investing activities and personnel expenses

The Freudenberg Group
Report of the Board of Partners
Foreword of the Management Board
Management Report of the Freudenberg Group
Global economic situation
Products and markets
Consolidated sales
The consolidated group
Minority interests and joint ventures
Financing and consolidated profit
Cash flow from investing activities and personnel expenses
Risk management
Prospects for 2004
Review of the Operations of the Business Groups and Divisions
People and Responsibility
Innovation
Consolidated Financial Statements
Major Group Companies and Shareholdings
Lists of figures and abbreviations
Imprint

Cash flow from investing activities by the Group totaled 221 (287) million Euro. Investment during the reporting period focused on the Seals and Vibration Control Technology and Nonwovens Business Areas.

The Group’s personnel expenses, including pension contributions and provisions for partial retirement, came to 1,265 (1,264) million Euro.