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Further reduction in Net Debt In €m 3,242 408 68 112 44 -€169m 65 3,304 3,073 Net Debt at end-June 18 Discretionary Free Cash Flow Equity divestments Lease liabilities and Export Credit repayments 310 Dividend paid IFRS 161 impact Other Net Debt at end-June 19 1 Asof1July2018 27
