Combined Statement of Cash Flows

Combined Statement of Cash Flows

EUR thousand

 

Note

 

2024

 

2023

Earnings before taxes

 

 

 

91,791

 

36,095

Depreciation, amortization and impairment of and loss allowances on non-current intangible assets, property, plant and equipment, right-of-use assets, financial assets and non-current financial receivables

 

 

 

82,663

 

84,559

Proceeds from disposal of property, plant and equipment

 

 

 

1,465

 

-23

Net income (net loss) of companies accounted for using the equity method

 

 

 

-64,392

 

-21,374

Net income (net loss) of other investees

 

 

 

-590

 

-204

Net interest income (expense)

 

 

 

12,141

 

10,301

Other non-cash events

 

 

 

-6,661

 

-1,960

 

 

 

 

116,417

 

107,394

Change in trade receivables

 

 

 

9,091

 

9,636

Change in other assets

 

 

 

9,105

 

6,307

Change in inventories

 

 

 

-837

 

2,665

Change in government grants

 

 

 

233

 

-989

Change in provisions

 

 

 

16,884

 

-7,159

Change in trade payables

 

 

 

6,519

 

-24,217

Change in other liabilities

 

 

 

23,630

 

4,778

 

 

 

 

64,625

 

-8,979

Interest received

 

 

 

16,481

 

14,571

Interest paid

 

 

 

-26,154

 

-22,862

Taxes on income and earnings paid

 

 

 

-2,368

 

-2,240

 

 

 

 

-12,041

 

-10,531

Cash flows from operating activities

 

 

 

169,001

 

87,884

Proceeds from disposal of property, plant and equipment and intangible assets

 

 

 

2,237

 

438

Cash payments to acquire property, plant and equipment and intangible assets

 

 

 

-38,921

 

-41,330

Proceeds from disposal of long-term financial assets

 

 

 

0

 

857

Cash payments to acquire companies accounted for using the equity method

 

 

 

-7,984

 

0

Cash payments for advances and loans made to investees

 

 

 

-950

 

0

Cash receipts from repayment of advances and loans made to investees

 

 

 

0

 

844

Cash receipts from payment of lease receivables

 

 

 

28,898

 

24,230

Dividends received

 

 

 

38,743

 

28,048

Cash flows from investing activities

 

 

 

22,023

 

13,087

Cash receipts from repayment of loans made to company owners

 

 

 

3,034

 

870

Cash payments for loans made to company owners

 

 

 

-4,859

 

-3,034

Cash payments made to company owners

 

 

 

-18,603

 

-10,373

Cash proceeds from borrowings

 

 

 

25,630

 

43,119

Cash payments from redemption of financial borrowings

 

 

 

-30,429

 

-31,173

Cash payments from repayment of lease liabilities

 

 

 

-65,240

 

-63,285

Cash flows from financing activities

 

37

 

-90,467

 

-63,876

Net change in cash funds

 

 

 

100,557

 

37,095

Change in cash funds due to changes in the basis of consolidation

 

 

 

64

 

0

Change in cash and cash equivalents due to currency translation differences

 

 

 

854

 

-1,517

Cash funds at start of financial year

 

 

 

32,943

 

-2,635

Cash funds at end of financial year

 

37

 

134,418

 

32,943

Cash funds at end of financial year

 

 

 

 

 

 

Cash

 

 

 

134,960

 

39,932

Current liabilities to banks

 

 

 

-542

 

-6,989

 

 

 

 

134,418

 

32,943

Combined Statement of Cash Flows

EUR thousand

 

Note

 

2024

 

2023

Earnings before taxes

 

 

 

91,791

 

36,095

Depreciation, amortization and impairment of and loss allowances on non-current intangible assets, property, plant and equipment, right-of-use assets, financial assets and non-current financial receivables

 

 

 

82,663

 

84,559

Proceeds from disposal of property, plant and equipment

 

 

 

1,465

 

-23

Net income (net loss) of companies accounted for using the equity method

 

 

 

-64,392

 

-21,374

Net income (net loss) of other investees

 

 

 

-590

 

-204

Net interest income (expense)

 

 

 

12,141

 

10,301

Other non-cash events

 

 

 

-6,661

 

-1,960

 

 

 

 

116,417

 

107,394

Change in trade receivables

 

 

 

9,091

 

9,636

Change in other assets

 

 

 

9,105

 

6,307

Change in inventories

 

 

 

-837

 

2,665

Change in government grants

 

 

 

233

 

-989

Change in provisions

 

 

 

16,884

 

-7,159

Change in trade payables

 

 

 

6,519

 

-24,217

Change in other liabilities

 

 

 

23,630

 

4,778

 

 

 

 

64,625

 

-8,979

Interest received

 

 

 

16,481

 

14,571

Interest paid

 

 

 

-26,154

 

-22,862

Taxes on income and earnings paid

 

 

 

-2,368

 

-2,240

 

 

 

 

-12,041

 

-10,531

Cash flows from operating activities

 

 

 

169,001

 

87,884

Proceeds from disposal of property, plant and equipment and intangible assets

 

 

 

2,237

 

438

Cash payments to acquire property, plant and equipment and intangible assets

 

 

 

-38,921

 

-41,330

Proceeds from disposal of long-term financial assets

 

 

 

0

 

857

Cash payments to acquire companies accounted for using the equity method

 

 

 

-7,984

 

0

Cash payments for advances and loans made to investees

 

 

 

-950

 

0

Cash receipts from repayment of advances and loans made to investees

 

 

 

0

 

844

Cash receipts from payment of lease receivables

 

 

 

28,898

 

24,230

Dividends received

 

 

 

38,743

 

28,048

Cash flows from investing activities

 

 

 

22,023

 

13,087

Cash receipts from repayment of loans made to company owners

 

 

 

3,034

 

870

Cash payments for loans made to company owners

 

 

 

-4,859

 

-3,034

Cash payments made to company owners

 

 

 

-18,603

 

-10,373

Cash proceeds from borrowings

 

 

 

25,630

 

43,119

Cash payments from redemption of financial borrowings

 

 

 

-30,429

 

-31,173

Cash payments from repayment of lease liabilities

 

 

 

-65,240

 

-63,285

Cash flows from financing activities

 

37

 

-90,467

 

-63,876

Net change in cash funds

 

 

 

100,557

 

37,095

Change in cash funds due to changes in the basis of consolidation

 

 

 

64

 

0

Change in cash and cash equivalents due to currency translation differences

 

 

 

854

 

-1,517

Cash funds at start of financial year

 

 

 

32,943

 

-2,635

Cash funds at end of financial year

 

37

 

134,418

 

32,943

Cash funds at end of financial year

 

 

 

 

 

 

Cash

 

 

 

134,960

 

39,932

Current liabilities to banks

 

 

 

-542

 

-6,989

 

 

 

 

134,418

 

32,943

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