Financial report
For the six months ended 30 June 2021 (unaudited)
|
|
|
|
|
kEUR |
H1 2021 |
H1 2020 |
|
|
|
|
|
Cash flow from operating activities |
|
|
|
Result for the period |
24,623 |
7,831 |
|
|
|
|
|
Adjustments to reconcile cash generated by operating activities: |
|
|
|
Depreciation and amortization |
9,086 |
8,974 |
|
Movement in provisions |
1,429 |
1,889 |
|
Movement in pensions |
1,363 |
401 |
|
Share-based payment expense |
567 |
0 |
|
Financial income |
-6 |
-44 |
|
Financial expenses |
1,282 |
904 |
|
Income tax charge |
4,903 |
1,469 |
|
Government grant income |
-2,370 |
0 |
|
IPO-related transaction costs |
5,721 |
0 |
|
|
|
|
|
Changes in working capital: |
|
|
|
(Increase) / decrease in inventories |
-10,610 |
-17,075 |
|
(Increase) / decrease in trade receivables |
7,915 |
-3,976 |
|
(Increase) / decrease in contract assets |
1,359 |
1,044 |
|
(Increase) / decrease in other financial assets |
-10 |
71 |
|
(Increase) / decrease in other current assets |
-5,268 |
4,013 |
|
Increase / (decrease) in trade payables |
-4,980 |
-614 |
|
Increase / (decrease) in contract liabilities |
12,229 |
12,546 |
|
Increase / (decrease) in other current liabilities |
2,548 |
2,537 |
|
Cash generated from operations |
49,781 |
19,970 |
|
|
|
|
|
Interest income received |
6 |
44 |
|
Interest expenses paid |
-1,060 |
-1,668 |
|
Income taxes paid |
-7,689 |
-4,397 |
|
Net cash flows from operating activities |
41,038 |
13,949 |
|
|
|
|
|
Cash flow from investing activities |
|
|
|
Acquisition of intangible assets |
-1,969 |
-1,550 |
|
Acquisition of property, plant and equipment |
-33,265 |
-13,544 |
|
Disposal of property, plant and equipment |
57 |
70 |
|
Net cash flows from investing activities |
-35,177 |
-15,024 |
|
|
|
|
|
kEUR |
H1 2021 |
H1 2020 |
|
|
|
|
|
Cash flow from financing activities |
|
|
|
Proceeds from the issue of ordinary shares |
182,141 |
0 |
|
Purchase of own shares |
-5,464 |
0 |
|
IPO-related transaction costs |
-4,690 |
0 |
|
Repayment of long-term borrowings from banks |
-25,000 |
0 |
|
Proceeds from short-term borrowings from banks |
25,000 |
0 |
|
Repayment of lease liabilities |
-1,005 |
-382 |
|
Repayment of other financial liabilities |
-7,296 |
-6,554 |
|
Net cash flow from financing activities |
163,686 |
-6,936 |
|
|
|
|
|
Net movement in cash and cash equivalents |
169,547 |
-8,011 |
|
Cash and cash equivalents at the beginning of the period |
17,208 |
17,508 |
|
Net foreign currency exchange differences |
607 |
-770 |
|
|
|
|
|
Cash and cash equivalents at the end of the period |
187,362 |
8,727 |