Materialise Reports Second Quarter 2024 Results

Consolidated statement of cash flows (Unaudited)

for the six months ended
June 30,
In 000€

2024

2023

Operating activities
Net (loss) profit for the period

7,461

3,221

Non-cash and operational adjustments

10,203

11,403

Depreciation of property plant & equipment

7,539

7,364

Amortization of intangible assets

3,204

3,334

Share-based payment expense

142

-

Loss (gain) on disposal of intangible assets and property, plant & equipment

(77)

(106)

Movement in provisions

191

(591)

Movement reserve for bad debt and slow moving inventory

272

272

Financial income

(4,762)

(2,095)

Financial expense

2,241

2,055

Impact of foreign currencies

(10)

(84)

(Deferred) income taxes

1,462

1,254

Working capital adjustments

(574)

(3,336)

Decrease (increase) in trade receivables and other receivables

3,134

4,269

Decrease (increase) in inventories and contracts in progress

(1,029)

81

Increase (decrease) in deferred revenue

(1,768)

(1,772)

Increase (decrease) in trade payables and other payables

(911)

(5,914)

Income tax paid & Interest received

1,280

531

Net cash flow from operating activities

18,370

11,818

 
for the six months ended
June 30,
In 000€

2024

2023

Investing activities
Purchase of property, plant & equipment

(10,475)

(4,333)

Purchase of intangible assets

(814)

(1,056)

Proceeds from the sale of property, plant & equipment & intangible assets (net)

-

218

Acquisition of subsidiary (net of cash)

185

-

Net cash flow used in investing activities

(11,104)

(5,172)

Financing activities
Repayment of loans & borrowings

(6,841)

(8,617)

Repayment of leases

(1,517)

(1,744)

Interest paid

(800)

(891)

Other financial income (expense)

169

(33)

Net cash flow from (used in) financing activities

(8,989)

(11,285)

Net increase/(decrease) of cash & cash equivalents

(1,723)

(4,639)

Cash & Cash equivalents at the beginning of the year

127,573

140,867

Exchange rate differences on cash & cash equivalents

(358)

57

Cash & cash equivalents at end of the period

125,492

136,284


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