Interim consolidated statement of cash flows

1 January - 30 June (unaudited)

kEUR

H1 2023

H1 2022

 

 

 

Cash flow from operating activities

 

 

Result for the period

-34,266

10,247

 

 

 

Adjustments to reconcile cash generated by operating activities

 

 

Depreciation, amortization and impairment

15,077

11,224

Movement in provisions

-427

-865

Movement in pensions

277

510

Share-based payment expense

393

991

Financial income

-21

-4

Financial expenses

4,784

2,645

Income tax charge

-4,961

2,594

 

 

 

Changes in net working capital

 

 

(Increase) / decrease in inventories

-6,715

-27,246

(Increase) / decrease in trade receivables

-22,117

18,777

(Increase) / decrease in contract assets

-4,790

-3,989

(Increase) / decrease in other current assets

-1,120

-2,256

Increase / (decrease) in trade payables

-5,106

1,154

Increase / (decrease) in contract liabilities

5,676

-12,803

Increase / (decrease) in other current liabilities

10,786

1,674

Cash generated from operations

-42,530

2,653

 

 

 

Interest income received

20

4

Interest expenses paid

-1,671

-1,283

Income taxes paid

-4,141

-9,033

Net cash flows from operating activities

-48,322

-7,659

 

 

 

Cash flow from investing activities

 

 

Acquisition of intangible assets

-2,277

-2,146

Acquisition of property, plant and equipment

-29,089

-39,080

Disposal of property, plant and equipment

0

2

Movement in other financial assets

270

22

Net cash flows from investing activities

-31,096

-41,202

Interim consolidated statement of cash flows (continued)

1 January - 30 June (unaudited)

kEUR

H1 2023

H1 2022

 

 

 

Cash flow from financing activities

 

 

Purchase of own shares

0

-11,962

Dividends paid

0

-9,671

Proceeds from short-term borrowings from banks

55,172

Repayment of lease liabilities

-1,411

-1,538

Repayment of other financial liabilities

-276

-288

Net cash flow from financing activities

53,485

-23,459

Net movement in cash and cash equivalents

-25,933

-72,320

 

 

 

Cash and cash equivalents at the beginning of the period

37,528

136,303

Net foreign currency exchange differences

-2,610

2,453

Cash and cash equivalents at the end of the period

8,985

66,436