Interim consolidated statement of cash flows

1 January - 30 June (unaudited)

kEUR

H1 2022

H1 2021

 

 

 

Cash flow from operating activities

 

 

Result for the period

10,247

24,623

 

 

 

Adjustments to reconcile cash generated by operating activities

 

 

Depreciation and amortization

11,224

9,086

Movement in provisions

-865

1,429

Movement in pensions

510

1,363

Share-based payment expense

991

567

Financial income

-4

-6

Financial expenses

2,645

1,282

Income tax charge

2,594

4,903

Government grant income

0

-2,370

IPO-related transaction costs

0

5,721

 

 

 

Changes in net working capital

 

 

(Increase) / decrease in inventories

-27,246

-10,610

(Increase) / decrease in trade receivables

18,777

7,915

(Increase) / decrease in contract assets

-3,989

1,359

(Increase) / decrease in other current assets

-2,256

-5,268

Increase / (decrease) in trade payables

1,154

-4,980

Increase / (decrease) in contract liabilities

-12,803

12,229

Increase / (decrease) in other current liabilities

1,674

2,548

Cash generated from operations

2,653

49,791

 

 

 

Interest income received

4

6

Interest expenses paid

-1,283

-1,060

Income taxes paid

-9,033

-7,689

Net cash flows from operating activities

-7,659

41,048

 

 

 

Cash flow from investing activities

 

 

Acquisition of intangible assets

-2,146

-1,969

Acquisition of property, plant and equipment

-39,080

-33,265

Disposal of property, plant and equipment

2

57

Movement in other financial assets

22

-10

Net cash flows from investing activities

-41,202

-35,187

Interim consolidated statement of cash flows (continued)

1 January - 30 June (unaudited)

kEUR

H1 2022

H1 2021

 

 

 

Cash flow from financing activities

 

 

Proceeds from the issue of ordinary shares

0

182,141

Purchase of own shares

-11,962

-5,464

Dividends paid

-9,671

0

IPO-related transaction costs

0

-4,690

Proceeds from short-term borrowings from banks

0

25,000

Repayment of long-term borrowings from banks

0

-25,000

Repayment of lease liabilities

-1,538

-1,005

Repayment of other financial liabilities

-288

-7,296

Net cash flow from financing activities

-23,459

163,686

Net movement in cash and cash equivalents

-72,320

169,547

 

 

 

Cash and cash equivalents at the beginning of the period

136,303

17,208

Net foreign currency exchange differences

2,453

607

Cash and cash equivalents at the end of the period

66,436

187,362