|
|
For the nine months ended
|
||
in 000 |
|
2019 |
|
2018 |
|
|
€ |
|
€ |
Operating activities |
|
|
|
|
Net (loss) profit for the period |
|
398 |
|
2,502 |
Non-cash and operational adjustments |
|
|
|
|
Depreciation of property, plant & equipment |
|
10,722 |
|
8,632 |
Amortization of intangible assets |
|
3,360 |
|
3,902 |
Share-based payment expense |
|
258 |
|
557 |
Loss (gain) on disposal of property, plant & equipment |
|
141 |
|
(148) |
Movement in provisions |
|
66 |
|
13 |
Movement reserve for bad debt |
|
(135) |
|
255 |
Financial income |
|
(900) |
|
(224) |
Financial expense |
|
2,647 |
|
1,474 |
Impact of foreign currencies |
|
(432) |
|
(433) |
Share in loss of a joint venture (equity method) |
|
245 |
|
291 |
(Deferred) income taxes |
|
2,012 |
|
773 |
Other |
|
4 |
|
164 |
Working capital adjustment & income tax paid |
|
|
|
|
Increase in trade receivables and other receivables |
|
3,,593 |
|
(3,174) |
| Decrease (increase) in inventories |
|
8 |
|
584 |
| Increase in trade payables and other payables |
|
2,263 |
|
5,230 |
| Income tax paid & interest received |
|
(1,514) |
|
(2,133) |
| Net cash flow from operating activities |
|
22,737 |
|
18,265 |
|
|
|
|
|
|
|
|
|
For the nine months ended
|
||
| in 000 |
|
2019 |
|
2018 |
|
|
|
€ |
|
€ |
| Investing activities |
|
|
|
|
| Purchase of property, plant & equipment |
|
(10,325) |
|
(14,923) |
| Purchase of intangible assets |
|
(1,588) |
|
(1,181) |
| Proceeds from the sale of property, plant & equipment & intangible assets (net) |
|
(3) |
|
1,264 |
| Available for sale investments |
|
|
|
(50) |
| Advances on capital increases |
|
(875) |
|
|
| Convertible loan to third party |
|
(2,500) |
|
– |
| Investments in subsidiary, net of cash acquired |
|
(7,765) |
|
– |
| Interest received |
|
- |
|
126 |
| Net cash flow used in investing activities |
|
(23,066) |
|
(14,764) |
|
|
|
|
|
|
| Financing activities |
|
|
|
|
| Proceeds from loans & borrowings |
|
29,000 |
|
31,043 |
| Repayment of loans & borrowings |
|
(8,608) |
|
(16,257) |
| Repayment of finance leases |
|
(2,288) |
|
(2,350) |
| Capital increase |
|
– |
|
60,110 |
| Direct attributable expense of capital increase |
|
– |
|
(4,103) |
| Interest paid |
|
(1,713) |
|
(1,142) |
| Other financial income (expense) |
|
(451) |
|
(182) |
| Net cash flow from (used in) financing activities |
|
15,941 |
|
67,119 |
|
|
|
|
|
|
| Net increase of cash & cash equivalents |
|
15,611 |
|
70,620 |
| Cash & cash equivalents at beginning of the year |
|
115,506 |
|
43,175 |
| Exchange rate differences on cash & cash equivalents |
|
162 |
|
827 |
| Cash & cash equivalents at end of the period |
|
131,279 |
|
114,622 |
