Trader2022 : Cash Flow 2. HJ
"We had an earnings improvement, also Bethune contributed to this. When you look at the receivables side, I mean what we are now realising are the cash flows from the good potash business in the fourth quarter 2018, the strong American salt business in the first quarter of 2019, these numbers come in.
And besides that - yeah a couple of things. I mean if we look - we talk about more active working capital management, we look better at receivables right now, so there is a strong interaction between our finance department and our sales department to see how we can realise our receivables. We have - we also look better into what is coming in the rest of the months, so we believe we have a more accurate forecast, that's why we get to say we want to realise that income this year.
On the payable side as well, you don't see that in the numbers that much, but there is a strong focus from procurement on managing price, cash discounts, payment terms. So we always told you we want to manage it more actively and better.
We have now taken a step down, I wouldn't expect that we do such a step every year, but we do of course our utmost that we can at least keep this level."