|
|
|
|
|
|
|
For the twelve months ended
|
||
in 000 |
|
2019 |
|
2018 |
|
|
€ |
|
€ |
Operating activities |
|
|
|
|
Net profit for the period |
|
1,724 |
|
3,027 |
Non-cash and operational adjustments |
|
|
|
|
Depreciation of property, plant & equipment |
|
14,339 |
|
12,223 |
Amortization of intangible assets |
|
4,859 |
|
5,064 |
Share-based payment expense |
|
(9) |
|
1,075 |
Loss (gain) on disposal of property, plant & equipment |
|
165 |
|
(83) |
Movement in provisions |
|
138 |
|
5 |
Movement reserve for bad debt |
|
121 |
|
1,293 |
Financial income |
|
(1,383) |
|
(581) |
Financial expense |
|
3,693 |
|
2,172 |
Impact of foreign currencies |
|
(176) |
|
(299) |
Share in loss of a joint venture (equity method) |
|
392 |
|
475 |
(Deferred) income taxes |
|
2,593 |
|
425 |
Other |
|
64 |
|
(105) |
| Working capital adjustment & income tax paid |
|
|
|
|
| Increase in trade receivables and other receivables |
|
216 |
|
(3,156) |
| Decrease (increase) in inventories |
|
(745) |
|
812 |
| Increase in trade payables and other payables |
|
4,196 |
|
7,341 |
| Income tax paid & interest received |
|
(1,783) |
|
(1 368) |
| Net cash flow from operating activities |
|
28,402 |
|
28,320 |
|
|
|
|
|
|
|
|
|
For the twelve months ended
|
||
| in 000 |
|
2019 |
|
2018 |
|
|
|
€ |
|
€ |
| Investing activities |
|
|
|
|
| Purchase of property, plant & equipment |
|
(13,472) |
|
(18,270) |
| Purchase of intangible assets |
|
(2,193) |
|
(1,836) |
| Proceeds from the sale of property, plant & equipment & intangible assets (net) |
|
278 |
|
281 |
| Other equity investments in non-listed entities |
|
(281) |
|
(2,671) |
| Investments in joint ventures |
|
(875) |
|
-- |
| Convertible loan to third party |
|
(2,743) |
|
– |
| Investments in subsidiary, net of cash acquired |
|
(6,331) |
|
– |
| Interest received |
|
- |
|
363 |
| Net cash flow used in investing activities |
|
(25,617) |
|
(22,133) |
|
|
|
|
|
|
| Financing activities |
|
|
|
|
| Proceeds from loans & borrowings |
|
29,000 |
|
32,554 |
| Repayment of loans & borrowings |
|
(12,126) |
|
(18,820) |
| Repayment of finance leases |
|
(5,283) |
|
(3,102) |
| Capital increase in parent company |
|
1,268 |
|
60,489 |
| Direct attributable expense of capital increase |
|
– |
|
(4,003) |
| Interest paid |
|
(2,286) |
|
(1,733) |
| Other financial income (expense) |
|
208 |
|
(150) |
| Net cash flow from (used in) financing activities |
|
10,782 |
|
65,235 |
|
|
|
|
|
|
| Net increase of cash & cash equivalents |
|
13,566 |
|
71,422 |
| Cash & cash equivalents at beginning of the year |
|
115,506 |
|
43,175 |
| Exchange rate differences on cash & cash equivalents |
|
-173 |
|
908 |
| Cash & cash equivalents at end of the period |
|
128,897 |
|
115,506
|
