1 January – 30 June (unaudited)
|
kEUR |
H1 2026 |
H1 2025 |
|
|
|
|
|
Cash flow from operating activities |
|
|
|
Result for the period |
9,081 |
-26,539 |
|
|
|
|
|
Adjustments to reconcile cash generated by operating activities |
|
|
|
Depreciation, amortization and impairment |
27,112 |
18,157 |
|
Movement in provisions |
1,096 |
36 |
|
Movement in pensions |
-484 |
-247 |
|
Share-based payment expense |
2,004 |
961 |
|
Financial income |
-3,416 |
-492 |
|
Financial expenses |
11,235 |
17,823 |
|
Income tax expense / (income) |
5,079 |
-4,515 |
|
|
|
|
|
Changes in net working capital |
|
|
|
(Increase) / decrease in inventories |
-9,118 |
-15,145 |
|
(Increase) / decrease in trade receivables |
-25,956 |
24,484 |
|
(Increase) / decrease in contract assets |
219 |
836 |
|
(Increase) / decrease in other current assets |
-1,326 |
-989 |
|
Increase / (decrease) in trade payables |
1,651 |
1,076 |
|
Increase / (decrease) in contract liabilities |
11,173 |
27,720 |
|
Increase / (decrease) in other current liabilities |
3,858 |
9,165 |
|
Cash generated from operations |
32,208 |
52,331 |
|
|
|
|
|
Interest income received |
945 |
475 |
|
Interest expenses paid |
-6,314 |
-3,459 |
|
Income taxes paid |
-1,620 |
309 |
|
Net cash flows from operating activities |
25,219 |
49,656 |
|
|
|
|
|
Cash flow from investing activities |
|
|
|
Acquisition of intangible assets |
-603 |
-457 |
|
Acquisition of property, plant and equipment |
-43,718 |
-48,683 |
|
Investments in other financial assets |
-1,527 |
-1,671 |
|
Net cash flows from investing activities |
-45,848 |
-50,811 |
1 January – 30 June (unaudited)
|
kEUR |
H1 2026 |
H1 2025 |
|
|
|
|
|
Cash flow from financing activities |
|
|
|
Purchase of own shares |
– |
-484 |
|
Net proceeds from long-term borrowings from banks |
10,000 |
20,000 |
|
Repayment of short-term borrowings from Draupnir Holding B.V. |
– |
-10,000 |
|
Repayment of lease liabilities |
-2,396 |
-1,330 |
|
Repayment of other financial liabilities |
-417 |
-1,016 |
|
Net cash flow from financing activities |
7,187 |
7,170 |
|
Net movement in cash and cash equivalents |
-13,442 |
6,015 |
|
|
|
|
|
Cash and cash equivalents at the beginning of the period |
74,589 |
68,277 |
|
Net foreign currency exchange differences |
-2,116 |
2,403 |
|
Cash and cash equivalents at the end of the period |
59,031 |
76,695 |