1 January – 30 June (unaudited)
|
kEUR |
H1 2025 |
H1 2024 |
|
|
|
|
|
Cash flow from operating activities |
|
|
|
Result for the period |
-26,539 |
-11,386 |
|
|
|
|
|
Adjustments to reconcile cash generated by operating activities |
|
|
|
Depreciation, amortization and impairment |
18,157 |
15,440 |
|
Movement in provisions |
36 |
-5 |
|
Movement in pensions |
-247 |
233 |
|
Share-based payment expense |
961 |
750 |
|
Financial income |
-492 |
-8,873 |
|
Financial expenses |
17,823 |
8,613 |
|
Income tax expense / (income) |
-4,515 |
-925 |
|
|
|
|
|
Changes in net working capital |
|
|
|
(Increase) / decrease in inventories |
-15,145 |
-31,196 |
|
(Increase) / decrease in trade receivables |
24,484 |
29,239 |
|
(Increase) / decrease in contract assets |
836 |
-9,346 |
|
(Increase) / decrease in other current assets |
-989 |
963 |
|
Increase / (decrease) in trade payables |
1,076 |
-11,146 |
|
Increase / (decrease) in contract liabilities |
27,720 |
20,499 |
|
Increase / (decrease) in other current liabilities |
9,165 |
1,336 |
|
Cash generated from operations |
52,331 |
4,196 |
|
|
|
|
|
Interest income received |
475 |
322 |
|
Interest expenses paid |
-3,459 |
-3,649 |
|
Income taxes paid |
309 |
-398 |
|
Net cash flows from operating activities |
49,656 |
471 |
|
|
|
|
|
Cash flow from investing activities |
|
|
|
Acquisition of intangible assets |
-457 |
-1,357 |
|
Acquisition of property, plant and equipment |
-48,683 |
-28,376 |
|
Investments in other financial assets |
-1,671 |
-2,489 |
|
Net cash flows from investing activities |
-50,811 |
-32,222 |
1 January – 30 June (unaudited)
|
kEUR |
H1 2025 |
H1 2024 |
|
|
|
|
|
Cash flow from financing activities |
|
|
|
Purchase of own shares |
-484 |
– |
|
Net proceeds from long-term borrowings from banks |
20,000 |
– |
|
Repayment of short-term borrowings from Draupnir Holding B.V. |
-10,000 |
– |
|
Repayment of long-term borrowings from banks |
– |
-10,000 |
|
Repayment of lease liabilities |
-1,330 |
-1,943 |
|
Repayment of other financial liabilities |
-1,016 |
-353 |
|
Net cash flow from financing activities |
7,170 |
-12,296 |
|
Net movement in cash and cash equivalents |
6,015 |
-44,047 |
|
|
|
|
|
Cash and cash equivalents at the beginning of the period |
68,277 |
95,706 |
|
Net foreign currency exchange differences |
2,403 |
-3,184 |
|
Cash and cash equivalents at the end of the period |
76,695 |
48,475 |