Reconciliations

Operating result to EBITDA

kEUR

H1 2023

H1 2022

 

 

 

Operating result (EBIT)

-34,464

15,482

Depreciation, amortization and impairment charges (if any)

15,077

11,224

EBITDA

-19,387

26,706

Return on net operating assets (RONOA)1

kEUR

H1 2023

H1 2022

 

 

 

Last twelve months Operating result (EBIT)

-37,340

48,844

Average 1 Net operating assets:

 

 

Total non-current assets (average)

311,538

254,607

Total current assets (average)

272,649

320,994

Cash and cash equivalents (average)

-37,711

-126,899

Total current liabilities (average)

-119,822

-106,084

Average 1 Net operating assets

426,654

342,618

Return on net operating assets (RONOA)

-8.8%

14.3%

1 The average amounts are calculated as: (Current period's figures + prior period's figures) / 2.

Free Cash Flow

kEUR

H1 2023

H1 2022

 

 

 

Net cash flows from operating activities

-48,322

-7,659

Acquisition of intangible assets

-2,277

-2,146

Acquisition of property, plant and equipment

-29,089

-39,080

Free Cash Flow

-79,688

-48,885

Net Cash

kEUR

As at 30 June 2023

As at 31 December 2022

 

 

 

Cash and cash equivalents

8,985

37,528

Interest-bearing liabilities (Total financial debt):

 

 

Lease liabilities (Non-current)

-19,505

-17,652

Other financial liabilities (Non-current)

-9,602

-9,410

Interest-bearing loans and borrowings (Current)

-55,172

0

Lease liabilities (Current)

-3,326

-3,566

Other financial liabilities (Current)

-1,153

-1,096

Interest-bearing liabilities (Total financial debt)

-88,758

-31,724

Net Cash / (debt)

-79,773

5,804

Revenue at constant currencies1

kEUR

H1 2023

H1 2022

 

 

 

Revenue at constant currencies 1

134,430

130,683

Impact from changes in exchange rates compared to prior period

-2,596

2,973

Revenue reported (IFRS)

131,834

133,656

1 Revenue translated into the presentation currency, EUR, using the weighted average EUR currency exchange rate from the prior period.

Change in revenue

 

H1 2023 vs H1 2022

H1 2022 vs H1 2021

 

 

 

Change in revenue reported (IFRS) (%)

-1.4%

-1.1%

Change in revenue at constant currencies (%)

2.9%

-3.3%

Coronavirus pandemic

kEUR

H1 2023

H1 2022

 

 

 

Revenue associated with the coronavirus pandemic

1,507

32,823

Revenue not associated with the coronavirus pandemic

130,327

100,833

Revenue reported (IFRS)

131,834

133,656

 

 

 

kEUR

H1 2023

H1 2022

 

 

 

Revenue not associated with the coronavirus pandemic

130,327

100,833

Custom Projects

58,037

46,839

Contract Manufacturing

56,686

41,349

Generics & Cosmetics

15,604

12,645

 

 

 

Capital expenditures (Capex)

kEUR

H1 2023

H1 2022

 

 

 

Property, plant and equipment assets capitalized

17,690

36,432

Intangible assets capitalized

1,656

1,494

Capital expenditures (Capex)

19,346

37,926