Key Financials

Cash flow statement


(Eur /000)	31 December 2020	31 December 2019

A) CASH AND CASH EQUIVALENTS AT THE START OF THE PERIOD	24,427	18,043

B) CASH FLOW GENERATED BY (USED IN) OPERATIONS IN THE PERIOD:
Net profit (loss) for the period	4,353	7,042
Depreciation/amortisation	8,151	9,355
Provisions (Releases)	2,684	1,770
Capital (gains) losses on the sale of non-current assets	6	(350)
Net result from financial operations	1,815	345
Taxes	682	1,963
Change in provisions for risks and future liabilities	(1,009)	(1,012)
Change in other assets and liabilities	2,066	(5,004)
Change in deferred taxes	2,551	1,039
Change in trade receivables	(1,774)	2,017
of which related parties:	(4)	-
Change in inventories	1,702	(2,186)
Change in trade payables	(4,274)	3,066
of which related parties:	153	(193)
TOTAL	16,953	18,045

C) CASH FLOW GENERATED BY (USED IN) INVESTMENT ACTIVITIES
Investments in:
- Property, plant & equipment and intangible assets	(6,003)	(15,644)
of which related parties:	(247)	(470)
- Equity investments and securities	1,050	-
- Acquisitions net of acquired cash	-	(231)
- Financial receivables	-	(8)
Disposal of non-current assets	12	1,487
TOTAL	(4,941)	(14,396)

D) FREE CASH FLOW (B+C)	12,012	3,649

E) CASH FLOW GENERATED BY (USED IN) FINANCING ACTIVITIES
New financial payables	18,000	21,785
Repayment of financial payables	(10,604)	(9,781)
Increase (decrease) in current financial payables	1,040	(425)
Outgoing cash flow due to IFRS 16	(1,278)	(1,190)
Taxes paid	(656)	(2,183)
Interest paid	(1,089)	(756)
Interest received	59	93
Dividends paid	-	(4,599)
TOTAL	5,472	2,944

F) CASH FLOW FROM CONTINUING OPERATIONS (D+E)	17,484	6,593

G) Exchange rate translation differences on cash at hand	32	(209)

H) NET CHANGE IN CASH AT HAND (F+G)	17,516	6,384

I) CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD (A+H)	41,943	24,427

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