v3.26.1
Consolidated Statements of Cash Flows - EUR (€)
€ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net profit/(loss) for the period € 836,310 € (133,482)
Reversal of finance income (9,347) (83,912)
Reversal of finance expenses 66,292 77,803
Reversal of (gain)/loss on disposal of property, plant and equipment 21  
Reversal of income taxes (654,393) 4,909
Adjustments for non-cash items:    
Non-cash consideration relating to revenue (3,112) (2,214)
Share of (profit)/loss of associates 6,415 (22,482)
Share-based payment 59,964 55,580
Depreciation and amortization 8,789 8,853
Impairment of property, plant and equipment 0 7,508
Changes in working capital:    
Inventories (9,044) (7,772)
Receivables (61,050) 50,047
Prepayments (9,487) (6,801)
Contract liabilities (3,291) (3,455)
Trade payables, accrued expenses and other liabilities 8,659 (25,558)
Provisions 50,369 65,536
Cash flows generated from/(used in) operations 287,095 (15,440)
Finance income received 9,347 7,603
Finance expenses paid (17,115) (9,689)
Income taxes received/(paid) (5,366) (4,128)
Cash flows from/(used in) operating activities 273,961 (21,654)
Investing activities    
Payments received under finance leases 1,341  
Acquisition of intangible assets and property, plant and equipment (10,948) (5,041)
Cash flows from/(used in) investing activities (9,607) (5,041)
Financing activities    
Repayment of borrowings (16,720) (8,553)
Proceeds from exercise of warrants 50,086 26,302
Costs of capital increase (125)  
Acquisition of treasury shares (103,412) (17,396)
Payment of withholding taxes under stock incentive programs (12,781) (11,396)
Cash flows from/(used in) financing activities (82,952) (11,043)
Increase/(decrease) in cash and cash equivalents 181,402 (37,738)
Cash and cash equivalents at January 1 616,041 559,543
Effect of exchange rate changes on balances held in foreign currencies 14,817 (27,759)
Cash and cash equivalents at June 30 € 812,260 € 494,046