1 January – 30 June (unaudited)
|
kEUR |
H1 2024 |
H1 2023 |
|
|
|
|
|
Cash flow from operating activities |
|
|
|
Result for the period |
-11,386 |
-34,266 |
|
|
|
|
|
Adjustments to reconcile cash generated by operating activities |
|
|
|
Depreciation, amortization and impairment |
15,440 |
15,077 |
|
Movement in provisions |
-5 |
-427 |
|
Movement in pensions |
233 |
277 |
|
Share-based payment expense |
750 |
393 |
|
Financial income |
-8,873 |
-21 |
|
Financial expenses |
8,613 |
4,784 |
|
Income tax expense / (income) |
-925 |
-4,961 |
|
|
|
|
|
Changes in net working capital |
|
|
|
(Increase) / decrease in inventories |
-31,196 |
-6,715 |
|
(Increase) / decrease in trade receivables |
29,239 |
-22,117 |
|
(Increase) / decrease in contract assets |
-9,346 |
-4,790 |
|
(Increase) / decrease in other current assets |
963 |
-1,120 |
|
Increase / (decrease) in trade payables |
-11,146 |
-5,106 |
|
Increase / (decrease) in contract liabilities |
20,499 |
5,676 |
|
Increase / (decrease) in other current liabilities |
1,336 |
10,786 |
|
Cash generated from operations |
4,196 |
-42,530 |
|
|
|
|
|
Interest income received |
322 |
20 |
|
Interest expenses paid |
-3,649 |
-1,671 |
|
Income taxes paid |
-398 |
-4,141 |
|
Net cash flows from operating activities |
471 |
-48,322 |
|
|
|
|
|
Cash flow from investing activities |
|
|
|
Acquisition of intangible assets |
-1,357 |
-2,277 |
|
Acquisition of property, plant and equipment |
-28,376 |
-29,089 |
|
Investments in other financial assets |
-2,489 |
270 |
|
Net cash flows from investing activities |
-32,222 |
-31,096 |
1 January – 30 June (unaudited)
|
kEUR |
H1 2024 |
H1 2023 |
|
|
|
|
|
Cash flow from financing activities |
|
|
|
Proceeds from short-term borrowings from banks |
– |
55,172 |
|
Repayment of long-term borrowings from banks |
-10,000 |
– |
|
Repayment of lease liabilities |
-1,943 |
-1,411 |
|
Repayment of other financial liabilities |
-353 |
-276 |
|
Net cash flow from financing activities |
-12,296 |
53,485 |
|
Net movement in cash and cash equivalents |
-44,047 |
-25,933 |
|
|
|
|
|
Cash and cash equivalents at the beginning of the period |
95,706 |
37,528 |
|
Net foreign currency exchange differences |
-3,184 |
-2,610 |
|
Cash and cash equivalents at the end of the period |
48,475 |
8,985 |