Company Report

Capgemini’s Organic free cash flow of €1,119 million

The Board of Directors of Capgemini SE, chaired by Paul Hermelin, convened in Paris to review and adopt the accounts of the Capgemini Group for the year-ended December 31, 2020.

Organic free cash flow generation reached the remarkable level of €1,119 million, largely exceeding the €900 million target for 2020. Restated for the €225 million impact of unwinding the Altran factoring program, organic free cash flow generation exceeded the 2019 record level of €1,288 million, demonstrating the strength of the Group’s business model.

At December 31, 2020, the Group had cash and cash equivalents and cash management assets of €3.2 billion. After accounting for borrowings of €8.1 billion and derivative instruments, Group net debt is €4.9 billion at December 31, 2020, compared with €0.6 billion at December 31, 2019. The higher than expected organic free cash flow generation, combined with the proceeds from the sale of Odigo, helped to reduce the impact of the Altran acquisition on the Group’s net debt.

Organic free cash flow is equal to cash flow from operations less acquisitions of property, plant, equipment and intangible assets (net of disposals) and repayments of lease liabilities, adjusted for cash out relating to the net interest cost.

Source: investors.capgemini.com

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