17. Cash and cash equivalents
(In € million) |
|
As of |
|
As of |
|---|---|---|---|---|
Cash and cash equivalents (unrestricted) |
|
287.8 |
|
275.7 |
Restricted cash |
|
15.6 |
|
5.2 |
Total cash and cash equivalents |
|
303.4 |
|
280.9 |
Cash and cash equivalents mainly consist of cash at bank but may, from time to time, also include short-term bank deposits (€18.8 million as of December 31, 2024 and €0.2 million as of December 31, 2023) with maturities of three months or less that are subject to an insignificant risk of changes in value. The restricted cash mainly relates to cash collected for the benefit of the Group’s securitization partner.