Financial ReportConsolidated financial statementsThree-year Financial History

Three-year financial history¹

kEUR	2024	2023	2022

Income and expenses
Revenue	336,792	320,372	280,978
Total income	338,770	324,853	283,464
Cost of sales	-299,422	-315,730	-228,987
Total operating expenses	-46,712	-45,591	-41,870
o/w Depreciation, amortization and impairment	-32,714	-30,469	-26,063
Financial income	6,802	103	9
Financial expenses	-17,583	-21,878	-5,049
Income tax	-1,419	6,803	200
Result for the year	-19,564	-51,440	7,767

Performance
Gross profit	39,348	9,123	54,477
Gross margin in % of revenue	11.7%	2.8%	19.4%
EBITDA	25,350	-5,999	38,670
EBITDA in % of revenue	7.5%	-1.9%	13.8%
Operating result (EBIT)	-7,364	-36,468	12,607
Operating result (EBIT) in % of revenue	-2.2%	-11.4%	4.5%
Earnings per share (EUR), basic	-0.59	-1.56	0.24
Return on net operating assets (RONOA)	-1.6%	-8.5%	3.2%

Financial position
Total assets	756,576	689,088	575,782
Non-current assets	428,354	362,486	324,212
Current assets	328,222	326,602	251,570
Total equity and liabilities	756,576	689,088	575,782
Equity	357,244	381,225	421,677
Non-current liabilities	204,829	131,413	58,053
Curent liabiliities	194,503	176,450	96,052

Cash flows
Net cash flows from operating activities	89,399	36,485	5,460
Net cash flows from investing activities	-91,018	-59,512	-78,435
Net cash flows from financing activities	-25,323	84,547	-26,869
Cash and cash equivalents at the end of the year	68,277	95,706	37,528

Employees
Employees (# of FTEs, average)	1,291	1,202	1,139

1 This table includes references to alternative financial performance measures (APM) that are not defined or specified by IFRS. These APM should be regarded as complementary information to and not as substitutes of the Group’s consolidated financial results based on IFRS. For the definitions of the main operational indicators and APM used, including related abbreviations, as well as for selected reconciliations to IFRS, please refer to the section “Definitions and reconciliations” of this report.