1 January–31 December
|
kEUR |
2024 |
2023 |
|
|
|
|
|
Cash flow from operating activities |
|
|
|
Result for the year |
-19,564 |
-51,440 |
|
|
|
|
|
Adjustments to reconcile cash generated by operating activities |
|
|
|
Depreciation, amortization and impairment |
32,714 |
30,469 |
|
Movement in provisions |
195 |
40 |
|
Movement in pensions |
105 |
867 |
|
Share-based payment expense |
1,204 |
842 |
|
Financial income |
-6,802 |
-103 |
|
Financial expenses |
17,583 |
21,878 |
|
Income tax expense / (income) |
1,419 |
-6,803 |
|
|
|
|
|
Changes in net working capital |
|
|
|
(Increase) / decrease in inventories |
-16,969 |
15,511 |
|
(Increase) / decrease in trade receivables |
-5,009 |
-29,894 |
|
(Increase) / decrease in contract assets |
-1,669 |
548 |
|
(Increase) / decrease in other current assets |
-3,192 |
-3,738 |
|
Increase / (decrease) in trade payables |
11,372 |
17,368 |
|
Increase / (decrease) in contract liabilities |
89,897 |
38,840 |
|
Increase / (decrease) in other current liabilities |
-1,980 |
7,564 |
|
Cash generated from operations |
99,304 |
41,949 |
|
|
|
|
|
Interest income received |
586 |
54 |
|
Interest expenses paid |
-8,533 |
-4,754 |
|
Income taxes paid |
-1,958 |
-764 |
|
Net cash flows from operating activities |
89,399 |
36,485 |
|
|
|
|
|
Cash flow from investing activities |
|
|
|
Acquisition of intangible assets |
-1,217 |
-3,836 |
|
Acquisition of property, plant and equipment |
-85,751 |
-52,897 |
|
Disposal of property, plant and equipment |
2 |
8 |
|
Investments in other financial assets |
-2,489 |
-2,787 |
|
Investments in contract costs |
-1,563 |
– |
|
Net cash flows from investing activities |
-91,018 |
-59,512 |
1 January–31 December
|
kEUR |
2024 |
2023 |
|
|
|
|
|
Cash flow from financing activities |
|
|
|
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 short-term borrowings from Draupnir Holding B.V. |
-10,000 |
– |
|
Repayment of long-term borrowings from banks |
-10,000 |
– |
|
Repayment of lease liabilities |
-4,625 |
-3,921 |
|
Repayment of other financial liabilities |
-698 |
-619 |
|
Net cash flow from financing activities |
-25,323 |
84,547 |
|
Net movement in cash and cash equivalents |
-26,942 |
61,520 |
|
|
|
|
|
Cash and cash equivalents at the beginning of the year |
95,706 |
37,528 |
|
Net foreign currency exchange differences |
-487 |
-3,342 |
|
Cash and cash equivalents at the end of the year |
68,277 |
95,706 |