Financial Report
Consolidated cash flow statement
EUR million | 1st half-year 2025 | 1st half-year 2024 |
Net profit | 23.5 | 7.1 |
Depreciation of property, plant and equipment | 11.2 | 11.8 |
Amortisation of intangible assets | 1.0 | 0.5 |
(Gain)/loss from impairment | - | 0.4 |
Other non-cash changes | 1.1 | 2.0 |
(Gain)/loss on disposals of assets | –0.4 | 3.2 |
(Gain)/loss from sale of subsidiaries | - | 3.3 |
(Increase)/decrease in trade accounts receivable | –20.9 | –11.7 |
(Increase)/decrease in other receivables, prepayments and accrued income | –1.2 | –1.2 |
(Increase)/decrease in inventories | –2.7 | 1.2 |
Increase/(decrease) in trade accounts payable | 5.3 | 2.6 |
Increase/(decrease) in other short-term liabilities, accruals and deferred income | 8.3 | –6.4 |
Increase/(decrease) in provisions | –2.2 | 1.1 |
(Increase)/decrease in deferred tax assets | - | 0.3 |
Cash flow from operating activities | 22.9 | 14.3 |
Investments in property, plant and equipment | –7.5 | –8.4 |
Investments in intangible assets | - | –0.1 |
Investments in minority interest | - | –4.7 |
Divestment of property, plant and equipment | 0.6 | 0.3 |
Divestment of consolidated entities (net of cash given) | - | –3.0 |
Cash flow from investing activities | –6.8 | –15.8 |
Dividends paid to shareholders | –11.8 | –15.4 |
Purchase of own shares | –2.3 | –1.9 |
Sale of own shares | - | 2.1 |
Increase/(decrease) in short-term financial liabilities | 0.2 | –0.7 |
Increase/(decrease) in long-term financial liabilities | –11.5 | - |
Increase/(decrease) in other liabilities | –0.2 | –0.1 |
Cash flow from financing activities | –25.6 | –15.9 |
Currency effects | –2.3 | –1.1 |
Increase/(decrease) in liquid assets | –11.9 | –18.5 |
Liquid assets at 1.1. | 56.7 | 77.2 |
Liquid assets at 30.6. | 44.8 | 58.7 |
Increase/(decrease) | –11.9 | –18.5 |