Deviations from the forecast
| OUTLOOKFOR 2021 FINANCIAL YEAR / € billion | 2020 | 2021 | 2021 | 2021 | |
Gross capital expenditures | 14.4 | >15 | >15 | 15.4 | |
Net capital expenditures | 5.9 | >6 | >6 | 6.3 | |
Maturities | 2.3 | 2.2 | 2.2 | 2.2 | |
Bond issues (senior) | 5.4 | >5 | >5 | 4.9 | |
Net financial debt as of Dec 31 | 29.3 | <30 | ~31 | 29.1 | |
The development of capital expenditures and maturities was in line with our expectations.
Indebtedness developed better than expected as a result of better operating profit development and due to reporting date effects. Bond issues were also slightly below our expectations.