1 January–31 December
|
kEUR |
2025 |
2024 |
|
|
|
|
|
Cash flow from operating activities |
|
|
|
Result for the year |
-21,169 |
-19,564 |
|
|
|
|
|
Adjustments to reconcile cash generated by operating activities |
|
|
|
Depreciation, amortization and impairment |
38,066 |
32,714 |
|
Movement in provisions |
1,031 |
195 |
|
Movement in pensions |
-121 |
105 |
|
Share-based payment expense |
2,022 |
1,204 |
|
Financial income |
-1,843 |
-6,802 |
|
Financial expenses |
30,589 |
17,583 |
|
Income tax expense / (income) |
1,112 |
1,419 |
|
|
|
|
|
Changes in net working capital |
|
|
|
(Increase) / decrease in inventories |
-11,100 |
-16,969 |
|
(Increase) / decrease in trade receivables |
18,759 |
-5,009 |
|
(Increase) / decrease in contract assets |
351 |
-1,669 |
|
(Increase) / decrease in other current assets |
-7,777 |
-3,192 |
|
Increase / (decrease) in trade payables |
5,636 |
11,372 |
|
Increase / (decrease) in contract liabilities |
27,418 |
89,897 |
|
Increase / (decrease) in other current liabilities |
5,589 |
-1,980 |
|
Cash generated from operations |
88,563 |
99,304 |
|
|
|
|
|
Interest income received |
1,823 |
586 |
|
Interest expenses paid |
-9,112 |
-8,533 |
|
Income taxes paid |
-3,764 |
-1,958 |
|
Net cash flows from operating activities |
77,510 |
89,399 |
|
|
|
|
|
Cash flow from investing activities |
|
|
|
Acquisition of intangible assets |
-1,152 |
-1,217 |
|
Acquisition of property, plant and equipment |
-107,753 |
-85,751 |
|
Disposal of property, plant and equipment |
587 |
2 |
|
Investments in other financial assets |
-3,392 |
-2,489 |
|
Investments in contract costs |
– |
-1,563 |
|
Net cash flows from investing activities |
-111,710 |
-91,018 |
1 January–31 December
|
kEUR |
2025 |
2024 |
|
|
|
|
|
Cash flow from financing activities |
|
|
|
Purchase of own shares |
-484 |
– |
|
Net proceeds from long-term borrowings from banks |
50,000 |
– |
|
Repayment of short-term borrowings from Draupnir Holding B.V. |
-10,000 |
-10,000 |
|
Repayment of long-term borrowings from banks |
– |
-10,000 |
|
Repayment of lease liabilities |
-4,951 |
-4,625 |
|
Repayment of other financial liabilities |
-773 |
-698 |
|
Net cash flow from financing activities |
33,792 |
-25,323 |
|
Net movement in cash and cash equivalents |
-408 |
-26,942 |
|
|
|
|
|
Cash and cash equivalents at the beginning of the year |
68,277 |
95,706 |
|
Net foreign currency exchange differences |
6,720 |
-487 |
|
Cash and cash equivalents at the end of the year |
74,589 |
68,277 |