Moody’s adjusted leverage is typically defined as net debt / EBITDA, or similar. From the provided data, we have revenue, profits, assets, and cash flows but no explicit debt or EBITDA figures. However we can infer some trend cues:

- Profitability: Profit Loss 2022 increased to 305.3m from 372.7m prior year; but Profit Loss Attributable To Owners Of Parent decreased to 255.2m from 333.5m. Overall, operating profit 533.8m down from 611.7m in 2021. This suggests moderate pressure on earnings.
- Cash flows: Cash Flows From Used In Operating Activities in 2022 is 35.7m, which is much lower than 1.045b in 2021, indicating weaker operating cash generation. However investing and financing activities show substantial cash outflows/inflows; net financing cash flow 1.7795b positive, suggesting deleveraging via financing rather than cash generation.
- Debt structure: Noncurrent Financial Liabilities rose from 3.716b to 5.6899b; current financial liabilities rose slightly; total liabilities increased from 10.614b to 13.4738b. Equity also increased but not enough to offset higher leverage.

Given the pronounced increase in financial liabilities and weaker operating cash flow, Moody’s adjusted leverage would likely worsen or deteriorate in 2022. However the strong financing activity could offset some debt. Overall trend: Deteriorating. 

<answer>Deteriorating</answer>