Financial report

Interim consolidated statement of cash flows 

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