Financial Report
1 January - 31 December
|
kEUR |
2022 |
2021 |
|
|
|
|
|
Cash flow from operating activities |
|
|
|
Result for the year |
7,767 |
47,258 |
|
|
|
|
|
Adjustments to reconcile cash generated by operating activities |
|
|
|
Depreciation and amortization |
26,063 |
20,683 |
|
Movement in provisions |
-713 |
-236 |
|
Movement in pensions |
1,545 |
1,465 |
|
Share-based payment expense |
1,155 |
1,208 |
|
Financial income |
-9 |
-653 |
|
Financial expenses |
5,049 |
4,970 |
|
Income tax charge |
-200 |
12,590 |
|
Government grant income |
0 |
-2,387 |
|
IPO-related transaction costs |
0 |
5,721 |
|
|
|
|
|
Changes in net working capital |
|
|
|
(Increase) / decrease in inventories |
-33,129 |
-17,669 |
|
(Increase) / decrease in trade receivables |
18,898 |
-11,751 |
|
(Increase) / decrease in contract assets |
-115 |
-488 |
|
(Increase) / decrease in other current assets |
-1,636 |
-3,905 |
|
Increase / (decrease) in trade payables |
13,231 |
1,178 |
|
Increase / (decrease) in contract liabilities |
-18,628 |
11,492 |
|
Increase / (decrease) in other current liabilities |
-3,353 |
1,648 |
|
Cash generated from operations |
15,925 |
71,124 |
|
|
|
|
|
Interest income received |
9 |
8 |
|
Interest expenses paid |
-2,494 |
-2,384 |
|
Income taxes paid |
-7,980 |
-11,396 |
|
Net cash flows from operating activities |
5,460 |
57,352 |
|
|
|
|
|
Cash flow from investing activities |
|
|
|
Acquisition of intangible assets |
-3,665 |
-3,747 |
|
Acquisition of property, plant and equipment |
-75,099 |
-73,961 |
|
Disposal of property, plant and equipment |
12 |
122 |
|
Movement in other financial assets |
317 |
-3,259 |
|
Net cash flows from investing activities |
-78,435 |
-80,845 |
1 January - 31 December
|
kEUR |
2022 |
2021 |
|
|
|
|
|
Cash flow from financing activities |
|
|
|
Proceeds from the issue of ordinary shares |
0 |
182,141 |
|
Purchase of own shares |
-13,933 |
-5,464 |
|
Dividends paid |
-9,671 |
0 |
|
IPO-related transaction costs |
0 |
-7,376 |
|
Repayment by Draupnir Holding B.V. related to IPO bonus |
0 |
2,998 |
|
Proceeds from short-term borrowings from banks |
0 |
25,000 |
|
Repayment of long-term borrowings from banks |
0 |
-25,000 |
|
Repayment of short-term borrowings from banks |
0 |
-25,000 |
|
Repayment of lease liabilities |
-2,695 |
-2,637 |
|
Repayment of other financial liabilities |
-570 |
-13,734 |
|
Net cash flow from financing activities |
-26,869 |
130,928 |
|
Net movement in cash and cash equivalents |
-99,844 |
107,435 |
|
|
|
|
|
Cash and cash equivalents at the beginning of the year |
136,303 |
17,208 |
|
Net foreign currency exchange differences |
1,069 |
11,660 |
|
Cash and cash equivalents at the end of the year |
37,528 |
136,303 |