Financial Report
1 January - 31 December
|
kEUR |
2023 |
2022 |
|
|
|
|
|
Cash flow from operating activities |
|
|
|
Result for the year |
-51,440 |
7,767 |
|
|
|
|
|
Adjustments to reconcile cash generated by operating activities |
|
|
|
Depreciation, amortization and impairment |
30,469 |
26,063 |
|
Movement in provisions |
40 |
-713 |
|
Movement in pensions |
867 |
1,545 |
|
Share-based payment expense |
842 |
1,155 |
|
Financial income |
-103 |
-9 |
|
Financial expenses |
21,878 |
5,049 |
|
Income tax expense / (income) |
-6,803 |
-200 |
|
|
|
|
|
Changes in net working capital |
|
|
|
(Increase) / decrease in inventories |
15,511 |
-33,129 |
|
(Increase) / decrease in trade receivables |
-29,894 |
18,898 |
|
(Increase) / decrease in contract assets |
548 |
-115 |
|
(Increase) / decrease in other current assets |
-3,738 |
-1,636 |
|
Increase / (decrease) in trade payables |
17,368 |
13,231 |
|
Increase / (decrease) in contract liabilities |
38,840 |
-18,628 |
|
Increase / (decrease) in other current liabilities |
7,564 |
-3,353 |
|
Cash generated from operations |
41,949 |
15,925 |
|
|
|
|
|
Interest income received |
54 |
9 |
|
Interest expenses paid |
-4,754 |
-2,494 |
|
Income taxes paid |
-764 |
-7,980 |
|
Net cash flows from operating activities |
36,485 |
5,460 |
|
|
|
|
|
Cash flow from investing activities |
|
|
|
Acquisition of intangible assets |
-3,836 |
-3,665 |
|
Acquisition of property, plant and equipment |
-52,897 |
-75,099 |
|
Disposal of property, plant and equipment |
8 |
12 |
|
Investments in other financial assets |
-2,787 |
317 |
|
Net cash flows from investing activities |
-59,512 |
-78,435 |
1 January - 31 December
|
kEUR |
2023 |
2022 |
|
|
|
|
|
Cash flow from financing activities |
|
|
|
Purchase of own shares |
– |
-13,933 |
|
Dividends paid |
– |
-9,671 |
|
Proceeds from short-term borrowings from banks |
55,172 |
– |
|
Repayment of short-term borrowings from banks |
-55,172 |
– |
|
Net proceeds from short-term borrowings from Draupnir Holding B.V. |
40,000 |
– |
|
Net proceeds from long-term borrowings from banks |
49,087 |
– |
|
Repayment of lease liabilities |
-3,921 |
-2,695 |
|
Repayment of other financial liabilities |
-619 |
-570 |
|
Net cash flow from financing activities |
84,547 |
-26,869 |
|
Net movement in cash and cash equivalents |
61,520 |
-99,844 |
|
|
|
|
|
Cash and cash equivalents at the beginning of the year |
37,528 |
136,303 |
|
Net foreign currency exchange differences |
-3,342 |
1,069 |
|
Cash and cash equivalents at the end of the year |
95,706 |
37,528 |