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Key Financials

 

 

Cash flow statement

       
  (Eur /,000) 31 December 2019 31 December 2018
       
  A) CASH AND CASH EQUIVALENTS AT THE START OF THE PERIOD 18,043 24,006
       
  B) CASH FLOW GENERATED BY (USED IN) OPERATIONS IN THE PERIOD:
  Net profit (loss) for the period 7,042 8,151
  Depreciation/amortisation 9,355 6,315
  Provisions (Releases) 1,770 2,732
  Capital (gains) losses on the sale of non-current assets (350) 8
  Impairment of assets held for sale - 1,214
  Net result from financial operations 345 556
  Taxes 1,963 2,293
  Change in provisions for risks and future liabilities (1,012) (1,097)
  Change in other assets and liabilities (5,004) 1,191
  Change in deferred taxes 1,039 1,529
  Change in trade receivables 2,017 (651)
  of which related parties: - 55
  Change in inventories (2,186) (4,956)
  Change in trade payables 3,066 1,707
  of which related parties: (193) 223
  TOTAL 18,045 18,992
       
  C) CASH FLOW GENERATED BY (USED IN) INVESTMENT ACTIVITIES
  Investments in:    
  - Property, plant & equipment and intangible assets (15,644) (9,411)
  of which related parties: (470) (919)
  - Acquisitions net of acquired cash (231) -
  - Financial receivables (8) 6
  Disposal of non-current assets 1,487 52
  TOTAL (14,396) (9,353)
       
  D) FREE CASH FLOW (B+C) 3,649 9,639
       
  E) CASH FLOW GENERATED BY (USED IN) FINANCING ACTIVITIES
  New financial payables 21,785 5,000
  Repayment of financial payables (9,781) (9,462)
  Increase (decrease) in current financial payables (425) (1,789)
  Outgoing cash flow due to IFRS 16 (1,190) -
  Taxes paid (2,183) (3,744)
  Interest paid (756) (1,491)
  Interest received 93 691
  Sale (purchase) of own shares - (156)
  Change in shareholders’ equity reserves - 487
  Dividends paid (4,599) (5,040)
  TOTAL 2,944 (15,504)
       
  F) CASH FLOW FROM CONTINUING OPERATIONS (D+E) 6,593 (5,865)
       
  G) Exchange rate translation differences on cash at hand (209) (98)
       
  H) NET CHANGE IN CASH AT HAND (F+G) 6,384 (5,963)
       
  I) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD (A+H) 24,427 18,043

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